The Central Bureau of Investigation (CBI) Thursday reiterated that Loop was a front company of the Essar Group and was used to acquire licences and spectrum for offering second generation (2G) telecom services.
Special Public Prosecutor U.U. Lalit, while advancing the probe agency’s argument on charge against Essar and Loop promoters, told CBI Special Judge O.P. Saini here that the basic case of the prosecution was that Essar Group violated the guidelines for grant of telecom services.
The Essar group, however, has denied any wrong doing. The hearing will continue Friday.