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Swan Telecom promoter Shahid Usman Balwa Monday told a Delhi court that the Central Bureau of Investigation (CBI) was selectively targeting some firms in the 2G spectrum case.

He asked how could he have caused a loss to the national exchequer when the prime minister and Communications Minister Kapil Sibal have said that there was no loss in the 2G case.

“The exact loss to the exchequer declared by the CBI is based on the assumption that if there was an option…, then what is the amount of profit it could get…when there was no option, then there is no question of loss incurred,” said Majid Memon, counsel for Balwa, who is in jail for alleged involvement in the 2G scam.

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