2G Scam | 19 May 2011

2G Scam | 19 May 2011

The Times of India

Balwa targets Tata as 2G scam ‘beneficiary’

New Delhi: Shahid Usman Balwa, Swan telecom promoter and an accused in the 2G case, on Wednesday took a dig at CBI for portraying Rata Tata as the "victim" in the scam. He alleged that the Tata Group chairman was one of the greatest beneficiaries in the allocation of radio waves. ( read story )

Daily News & Analysis

NDA’s telco policy under JPC scanner

New Delhi: The Joint Parliamentary Committee (JPC) on the second generation mobile telephony spectrum scam on Wednesday began examining the telecom policy pursued during the NDA rule as it sought to know the quantum of losses incurred during that period and decided to summon the then attorney general Soli Sorabjee in this connection. ( read story )

The Economic Times

As probe digs deep, financial professionals take extra precautions

Mumbai: As the 2G probe lifts some carefully woven corporate veils, a fear is starting to grip many finance professionals and chartered accountants. The investigation, which is keeping some senior professionals behind bars, has raised serious questions that accountants, corporate lawyers , auditors and structured finance wizards are grappling with. ( read story )

The Hindu

Swamy wants his complaint heard separately

New Delhi: With the Central Bureau of Investigation (CBI) having objected to the clubbing of his private complaint with its case in the 2G spectrum allocation scam, Janata Party president Subramanian Swamy told the special court here on Wednesday that he would rather prefer that his complaint was heard separately.(read story)