2G Scam | 21 April 2011

2G Scam | 21 April 2011


2G scam: Top telecom honchos spend night in jail

It was a day corporate India would want to forget. Five corporate honchos spent Wednesday night in Tihar jail after their bail was denied by a special court for the alleged involvement in the 2G scam. (read more...)

Economic Times

Stocks of 2G scam-hit telcos fall after CBI court rejects bail plea of executives

Shares of DB Realty, Unitech, Reliance Communications (RCom) and other Anil Dhirubhai Ambani Group firms fell on Wednesday, after a CBI court rejected bail applications of executives linked to the telecom graft trial who are now in custody. While DB Realty slipped by 4.22%, Unitech and RCom slumped 5.13% and 1.99%, respectively. Shares of ADAG group firms - Reliance MediaWorks slid by 1.3 % and Reliance Broadcast Network by 1.23%. (read more...)

India Today Online

CBI to file second chargesheet on April 25

Even as the Central Bureau of Investigation (CBI) readies to file its supplementary chargesheet in the 2G spectrum allocation scam case on April 25, it is likely to file yet another additional chargesheet by the May-end, sources said on Thursday. (read more...)

Indian Express

Jail for Swan, ADAG, Unitech executives

Noting that “there is incriminating evidence against the accused which I have not deliberately discussed", a special CBI court judge on Wednesday sent five top corporate executives named in the CBI chargesheet in the 2G scam to Tihar Jail, rejecting their bail pleas. (read more...)

Daily News & Analysis

2G scam cloud turns darker for Unitech

With the special Central Bureau of Investigation (CBI) court turning down the bail plea of Unitech managing director Sanjay Chandra, who is named in the CBI charge sheet for involvement in the multi-crore 2G scam, there are concerns pertaining to the impact, at least in the short-term, on the real estate business of Unitech, according to analysts. (read more...)

IBN Live

Pawar family’s links with DB Realty revealed

NCP chief Sharad Pawar so far has denied having links with 2G tainted company DB Realty and its promoter Vinod Goenka.

But an investigation by IBN Lokmat has revelaed how Sharad Pawar’s nephew and Maharshtra Deputy Chief Minister Ajit Pawar had allotted cheap government land to a company he had stakes in. (read more...)

The Times of India

Maharashtra Dy CM had links with 2G accused’s firm

Maharashtra deputy CM Ajit Pawar on Wednesday said he had purchased 8,800 AG Mercantile shares in 2005 but sold them later that year. Developer Vinod Goenka allegedly involved in the 2G scam promoted the company. (read more...)