Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Politics / News/  2G case | Raja seeks Chidambaram’s examination as witness
BackBack

2G case | Raja seeks Chidambaram’s examination as witness

2G case | Raja seeks Chidambaram’s examination as witness

Premium


New Delhi: Former telecom minister A. Raja on Monday told a Delhi court that former finance minister and now home minister P. Chidambaram, should be summoned and examined as a witness in the 2G spectrum allocation case.

Appearing for Raja, senior advocate Shushil Kumar told Special CBI Judge O. P. Saini that the agency should have recorded Chidambaram’s statement regarding a Cabinet meeting in which he had clarified the issue of dilution of shares.

Also Read | CBI for fresh charges against Raja, others

“Call Chidambaram here (in the court) and ask him whether this meeting took place or not in the presence of the Prime Minister and you (Chidambaram) gave this advice or not. Call him and confront him with the minutes of the meeting," he said.

Regarding the alleged loss incurred by the exchequer, he said none less than the Prime Minister has said on the floor of Parliament that there is no loss.

The CBI, in its charge sheet, has said that accused Shahid Balwa’s Swan Telecom and Sanjay Chandra’s Unitech Wireless (Tamil Nadu) Pvt Ltd off-loaded their shares to Dubai-based Etisalat and Norway-based Telenor respectively.

Raja’s counsel submitted that the court should use its power under section 311 CrPC to summon and examine Chidambaram as a witness.

“In the meeting, the then finance minister clarified (the issue of) dilution of shares. Chadambaram is party to it and I am not calling him as an accused. The CBI should have recorded his statement earlier," he said.

“Call Mr Chidambaram under section 311 CrPC and ask whether this meeting took place," the defence counsel said, adding that the CBI’s case is based on two pillars that Raja must have auctioned the spectrum and that he showed favour to two companies who, in turn, earned “windfall" profit by diluting their shares.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 26 Sep 2011, 04:49 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App