Tuesday, June 15, 2021
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CBI institutes inquiry against Tata over alleged illegal 2G bidding

In a recent development in 2G scam, the CBI has instituted an inquiry against Tata for alleged illegal bidding by Tata-Unitech in the licence auctions. The Supreme Court of India had asked for CBI records of 2G Swan Telecom probe which is allegedly a front for Anil Ambani owned Reliance Telecom.

The CBI Director had asked for stay on trial against Reliance Telecom and Swan Telecom, one of the alleged beneficiaries of the 2G allotment by former telecom minister A Raja.

Earlier, the Corporate Affairs Ministry under the previous UPA government had given a clean chit to Swan Telecom.

As a result, just two weeks after the then Telecom Minister0 Kapil Sibal dismissed the Comptroller Auditor General’s Rs. 1.76 lakh crore loss figures, another violation pointed out by the CAG has fallen through.

The CAG report had said Swan Telecom, while applying for licenses in 13 service areas, was acting as a front company on behalf of Reliance Telecom.

As per the DoT eligibility rules for telecom licenses, no telecom services firm can hold more than 10 per cent equity in another telecom service firm in the same service area.

According to corporate affairs ministry sources, there had been no clean chit given to Swan, but the file notings show otherwise.

The clean chit had been given despite serious allegations of irregularities made against the company by the CAG’s report, giving more ammunition in the hands of the Center to disagree with the CAG’s findings.

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