New CBI report suggests active involvement of Reliance ADAG in 2G scam
Advertisement
Advertisement
The agency said that the Group made the funding through a "circuitous route" when STPL had applied for 2G licences in 14 telecom circles across the country.
"It (transactions) was disguised. It was done to increase the paid up capital of STPL," special public prosecutor Anand Grover told Special CBI Judge O P Saini.
In its charge sheet, CBI has alleged that Reliance Telecom Ltd (RTL) had used STPL, an ineligible firm, as front company to get the 2G licenses and the costly radio waves.
All the accused had denied allegations levelled against them by CBI.
Advertisement
(Image credits: Indiatimes)
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh