2G case | ED files chargesheet against Swan Telecom, others

2G case | ED files chargesheet against Swan Telecom, others

New Delhi: The Enforcement Directorate (ED) on Saturday filed a chargesheet against telecom firms for Fema violation involving Rs4,300 crores in 2G spectrum case, sources said.

Sources said the names of Swan Telecom, Loop Mobile, Loop Telecom and S-tel figured in the chargesheet that was filed in a Delhi court.

The ED also said that it suspected Fema contravention by Virgin Mobile, a Tata joint venture and was analyzing the pricing issue of shares between Unitech and Telenor.

Investigation under Fema revealed large scale contraventions by telecom firms and their associates in 2G spectrum case, ED said. It added that it is looking into cash guarantee issued to Sistema.

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