In its report tabled in Parliament, the CAG said the Swan Telecom's application was 'in effect against the intent and spirit' of the Unified Access Service Licencing guidelines as it was among those beneficiaries which 'suppressed facts, disclosed incomplete information and submitted fictitious documents' to the department of telecommunication.
Swan Telecom, which has received licences to operate mobile phone services in 13 out of the 22 telecom circles in India, is in talks with foreign companies for diluting 26 per cent of its equity for around $470 million.
DB Reality and Swan Telecom promoter Shahid Usman Balwa was on Friday sent to Tihar Jail by court and remain in under judicial custody till March 3.
On examination of documents, registrar of companies concludes that Swan Telecom was an associate company of Reliance Telecom Limited/Reliance Communication Limited and an ADA Group company.
On examination of documents, registrar of companies concludes that Swan Telecom was an associate company of Reliance Telecom Limited/Reliance Communication Limited and an ADA Group company.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
'The transactions were done in a circuitous route deliberately and most of the companies involved in it are Reliance ADA group firms.'
The Central Bureau of Investigation on Friday informed the Delhi high court that its appeal against the acquittal of former telecom minister A Raja and 16 others in the 2G spectrum allocation case was 'ripe for hearing'.
CBI said Swan Telecom and Loop Telecom were allegedly used as front companies by Reliance Group and Essar respectively.
CBI alleged that Reliance Telecom structured Swan Telecom as its front company.
Swan is one of the firms which got a licence at bargain-basement prices thanks to telecom minister A Raja.
Former Telecom Minister A Raja's private secretary R K Chandolia had threatened several senior telecom ministry officials to ensure grant of spectrum to Swan Telecom which was ineligible for getting the spectrum licence, Central Bureau of Investigation said on Saturday in its chargesheet on 2G scam.
The UAE-based Emirates Telecommunication Corporation (Etisalat) on Thursday filed a petition against Shahid Balwa and Vinod Goenka, promoters of the beleaguered Swan Telecom, for "fraud and misrepresentation".
The Delhi high court will pronounce its verdict on Friday on whether to admit the Central Bureau of Investigation's (CBI) appeal challenging the acquittal of former telecom minister A Raja, firms and others in the 2G spectrum allocation 'scam' case.
The Institute of Company Secretaries of India (ICSI) has pulled up the company secretaries of two telecom companies whose names have been mentioned in the Comptroller and Auditor General's (CAG's) report on the controversial allotment of airwaves. The two officials named in the report are Hari Nair, representing Swan Telecom, and Vidyadhar Chakradeo, the company secretary of Loop Telecom.
Shahid Balwa's counsel has accused the CBI of adopting selective approach in arresting people in the case.
AIADMK chief Jayalalithaa on Tuesday demanded that Union Communications and IT Minister A Raja resign and face a probe on the 'spectrum allotment scam'.
A senior official in the Telecom Ministry said the government is considering an exit option for the new telecom players who are struggling to roll out services.
The UAE-based Etisalat issued proceedings on Monday towards winding up its Indian joint venture Etisalat DB Telecom, earlier called Swan Telecom. The company was doing it "so that there can be a proper and orderly end to the business of Etisalat DB Telecom that is supervised by the Indian Courts", it said in a statement.
The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
Admitting the Central Bureau of Investigation appeal, the high court said there are "some contradictions" in the trial court's judgment which require "deeper examination".
Justice Dinesh Kumar Sharma said the parties shall file brief written submissions not exceeding five pages.
The Central Bureau of Investigation (CBI) began making submissions on Monday on its appeal before the Delhi high court challenging the acquittal of accused persons, including former telecom minister A Raja, and firms in the 2G spectrum allocation scam case in December 2017.
In a statement to the CBI, which has been filed as part of the chargesheet in the 2G scam, Radia is also said to have alleged that Pawar could have had a major role in helping Swan Telecom obtain the licence and also get 2G spectrum.
The Supreme Court has asked the CBI to place before it the "files and notings" which purportedly suggest that its Director Ranjit Sinha wants stopping of whole trial against Reliance Telecom Ltd (RTL) and three top executives of the Reliance ADAG, who are accused in the 2G spectrum scam case.
The CBI contended before the Delhi high court on Tuesday that there were glaring illegalities in the trial court judgment that acquitted former telecom minister A Raja and others in the 2G spectrum allocation scam case.
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
A Central Bureau of Investigation officer, who was part of the probe team investigating the 2G spectrum scam, on Thursday denied in a Delhi court that A Raja's erstwhile private secretary R K Chandolia was falsely implicated in the case as he had refused to depose against the former telecom minister.
High court orders Swan Telecom's promoter Shahid Balwa, the director of Kusegaon Fruits and Vegetables, Rajeev Agarwal, and three firms, namely Dynamic Realty, DB Realty, and Nihar Constructions to plant 3,000 trees each in the Delhi's South Ridge forest area.
The special court hearing the 2G case on Monday reserved the bail order for the 17 accused in the case, including Dravida Munnettra Kazhagam Member of Parliament Kanimozhi, till November 3.
Mobile Telecommunications Company (Zain), the third largest telecom operator in West Asia and a leading operator in Africa, has initiated talks with several Indian telecom service providers to buy stakes.
The ED, in its chargesheet, had alleged that Rs 200 crore was paid by Swan Telecom (P) Ltd promoters to DMK-run Kalaignar TV.
Uninor and Etisalat DB were given preferential treatment by A Raja, says CBI
Former Telecom Minister A Raja chose not to cross-examine today a key Central Bureau of Inmvestigation witness' testimony in the 2G spectrum case in a Delhi court saying he would wait till another accused to confront the witness.
The Central Bureau of Investigation on Tuesday told a Delhi court that it would not oppose the bail plea of Swan Telecom promoter Shahid Usman Balwa in the 2G case keeping in view the Supreme Court and High Court orders granting bail to other co-accused in the case.
The new telecom players in the country, which had received licences in January 2008 and were subsequently allocated spectrum, are ready to roll out services in the next three to four months.
The ministry of corporate affairs - under new minister Murli Deora - has reopened for further investigation the cases of two companies allegedly involved in the unravelling 2G scam. A senior official said that the ministry was currently probing Swan Telecom and Loop Telecom.
In a move that will not augur well for companies which have been awarded 2G licences recently, the Department of Telecommunications (DoT) has rejected proposals by new telecom entrants for a relaxation of rollout obligations.
He denies that he plotted with former Telecom Minister A Raja and others to pocket 2G spectrum licence.
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