Balwa arrived at the CBI headquarters and was immediately taken before the special team constituted by CBI Director Ranjit Sinha to probe the matter.
The Central Bureau of Investigation on Wednesday summoned 2G scam accused Shahid Balwa for questioning with regards to audio recordings of purported conversation between its prosecutor A K Singh and another accused Unitech Managing Director Sanjay Chandra on the case
The Supreme Court on Wednesday took exception to Union Law Minister Salman Khurshid's reported statement that putting businessmen behind bars will hamper investments in the country, saying if true it is "disturbing".
During its probe, the CBI has not found any evidence which indicates receipt of any illegal gratification by Singh and believes it was a case of indiscreet talk by him for which departmental action could be recommended, CBI sources said.
Unitech denies wrongdoing, calls taped voice fabricated.
Creating a new image for the client concerned, while making him disappear from the public domain for some time, are among the strategies that often work.
Here are some of the top executives and politicians who have been linked to the 2G spectrum scam in India.
While DB Realty sent out an official statement early evening, Unitech did that much later.
Gautam Doshi, Surendra Pipara and Hari Nair, senior executives of the Reliance ADA Group who were granted bail on Wednesday by the Supreme Court in the 2G spectrum scam case, will provide major relief to their high-profile boss Anil Ambani.
During their twice-a-week meetings (interview in jail parlance) with family and visitors, these executives are also permitted to get home-cooked food. That's about all as far as luxury goes.
Unitech Ltd, the country's second largest real estate firm, has decided to sell its 200-room budget hotel Courtyard by Marriott in Gurgaon ahead of its inauguration in January 2009.
IFCI, a state-run financial institution, today sold Rs 51.7 crore worth shares of Unitech, the nation's second-biggest property developer, as the promoters of the company failed to repay loans raised against pledged shares.
Realty major Unitech on Thursday said it expects revenues to grow 60 per cent in 2007-08 and will borrow between Rs 2,000-3,000 crore (Rs 20 billion- Rs 30 billion) in the current fiscal from domestic markets to fund its various projects.
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
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