Etisalat's cup of woes is brimming over. The DB group, Etisalat's partner in India, on Monday moved the Company Law Board (CLB) against the UAE-based company.
Mumbai and Pune hotel projects put on hold for now.
The Central Bureau of Investigation on Tuesday night arrested Dynamix Balwas group managing director Shahid Usman Balwa in connection with the 2G spectrum allocation scam.
The flight carrying senior Bharatiya Janata Party leaders which developed a mysterious snag in New Delhi on Monday was reportedly registered with a subsidiary of the DB group, owned by Shahid Balwa and Vinod Goenka, whose alleged role in the 2G spectrum is being probed by the Central Bureau of Investigation.
The Central Bureau of India on Saturday told a special court in New Delhi that Rs 200 crore connected with 2G spectrum allocation scam has travelled from a partnership firm of Shahid Usman Balwa to Kalaignar TV Pvt Ltd whose owners include Tamil Nadu Chief Minister M Karunanidhi's wife Dayaluamma.
Foreign companies miffed at Indian partners for irregularities, rising debt.
The Enforcement Directorate is examining a request from the Central Bureau of Investigation asking it to attach properties of DB Realty worth over Rs 200 crore of DB Group under the stringent Prevention of Money Laundering Act.
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.
Former Telecom Minister A Raja, Dravid Munnetra Kazagham MP Kanimozhi and seven others, chargesheeted by the Enforcement Directorate in a 2G scam-related money laundering case, were on Wednesday granted bail by a special Central Bureau of Investigation court.
Money laundering is punishable under the provisions of PMLA.
During the arguments on the bail pleas, ED had argued that the accused had committed the offence of money laundering punishable under provisions of PMLA.
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 Supreme Court on Wednesday directed AIIMS director to constitute a medical board to examine whether Dravida Munnetra Kazhagam chief M Karunanidhi's wife Dayalu Ammal is medically fit to depose as a witness before a Special CBI court in a 2G scam case.
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