Senior counsel Altaf Ahmed and Sushil Kumar Jain, appearing for Kanimozhi and Sharad Kumar during the brief arguments, submitted the accused were not recipient of the spectrum and had merely taken a loan of Rs 200 crore which has been returned.
The argument, however, failed convince the bench which pointed that the charge sheet clearly stated that the so-called amount was not part of a legal transaction.
"Where has Rs 200 crore gone? What is the status of the money. It is a case property. Investigation shows that Rs 200 crore as kickback or bribe.
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