Thursday, February 17, 2011

2G scam: CBI quizzes Essar Group CEO Prashant Ruia

Continuing with its probe into the 2G scam, the CBI today questioned Essar Group CEO Prashant Ruia in connection with the alleged role of the company in conniving with Loop Telecom to get licences in an illegal manner in 21 circles in January 2008.

His questioning comes a day after ADAG Chairman Anil Ambani was called to the CBI in connection with its probe into the 2G scam as the agency has to inform the Supreme Court by March 1 about the beneficiaries in the case.

According to official sources, Ruia was quizzed about the alleged association of Essar with Loop Telecom which came under the scanner in the CBI case registered in October 2009.

The Essar CEO was called amid allegations that Loop Telecom acted as a front company for Essar which has nearly 33 per cent stake in Vodafone-Essar joint venture.

If the allegation were found to be true, it would make Loop Telecom ineligible to get telecom licences.

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