2G case: No bail for Balwas, Rajiv Aggarwal

A special CBI court Tuesday turned down the bail pleas of Shahid Balwa, Asif Balwa and Rajiv B. Aggarwal in the 2G spectrum scam case. While Shahid Balwa is the promoter of Swan Telecom, the other two are from Kusegaon Realty.

CBI special judge O.P. Saini rejected the bail applications of all three, named as co-accused along with former communications minister A. Raja in the case related to irregularities in the allocation of airwaves to telecom companies, causing huge losses to the exchequer.

The CBI’s first chargesheet April 2 had named, besides Raja, former telecom secretary Siddharth Behura, Shahid Balwa, Raja’s aide R.K. Chandolia, Swan Telecom’s Vinod Goenka, Unitech’s Sanjay Chandra and three executives of the ADAG – Gautam Doshi, Hari Nair and Surendra Pipara.

Asif Balwa and Rajiv Aggarwal were named in the supplementary chargesheet filed April 25. The Central Bureau of Investigation had also named Cineyug Films’ Karim Morani as well as DMK chief M. Karunanidhi’s daughter Kanimozhi and Kalaignar TV chief Sharad Kumar as co-conspirators after it traced an illegal money trail of Rs.214 crore in the scam.

The probe agency claims it has unearthed an illegal money trail that moved from Dynamix to Kusegaon and then on to Cineyug, all part of the DB Group, that promoted Swan Telecom, ending with Kalaignar TV, majority-owned by Karunanidhi’s family.

Raja, 11 others formally charged in 2G spectrum case

The Central Bureau of Investigation (CBI) Saturday filed its first chargesheet of 127 pages with 80,000-page annexure against nine people and three firms in the case involving the allocation of second generation (2G) telecom spectrum.

The chargesheet, brought in seven steel boxes, was filed in the special court of CBI Judge O.P. Saini.

Among those named are former communications minister A. Raja, his personal aide R.K. Chandolia, former telecom secretary Siddhartha Behura, Swan Telecom promoter Shahid Balwa, director Vinod Goenka and Unitech Wireless director Sanjay Chandra.

Raja has been accused on several counts.

Three officials from the Reliance Anil Dhirubhai Ambani Group — Gautam Doshi, Hari Nair and Surendra Pipara — as also three companies, Unitech, Reliance and Swan telecom, were also named as accused in the allocation of spectrum.

Among the individuals, four are already in judicial custody. The court issued summons to the others asking them to appear before it by April 13.

The three officials of the Anil Ambani Group were named in the chargesheet for allegedly concealing the in-eligibility of Swan Telecom for the grant of spectrum, said one of the investigative officers in the case.

Unitech, too, the chargesheet alleged was ineligible as the company did not have the necessary amendment in its memorandum and articles of association to enter the telecom business.

“The public is reminded the above findings are based on the investigation done by CBI and evidence collected by it,” the probe agency said. “Under the Indian law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.”

The accused have been chargesheeted under various provisions of the Indian Penal Code (IPC) and the Prevention of Corruption Act, 1988, including cheating, forgery and criminal conspiracy.

“We have 125 witnesses on whose information the agency has attached 654 documents to the chargesheet in the case,” said a CBI official.

“In the entire episode, the government incurred a loss of Rs.30,984 crore. Swan and Unitech telecom were the two companies totally ineligible for the licence allocation,” the official added.

“We are also investigating Kaliagnar TV, Asif Balwa and Rajiv Aggarwal, who are the directors of Kusegaon Fruits and Vegetables, and Cineyug and Green House promoters,” said senior public prosecutor specially called from Guwahati, A.K. Singh.

“They are likely to be named in the supplementary chargesheet that will be submitted by end-April,” Singh said, adding, the name of Kusegaon Fruits and Vegetables Private Ltd has since changed to Kusegaon Realty.

Regarding Raja’s close associate Sadiq Batcha, who was found dead under mysterious ciscumstances at his Chennai home last month, the probe agency said that they were tracing the alleged kick-backs in the scam that could have been routed through him.