Skip to main content

CBI failed to challenge 2015 excess spectrum order: Public prosecutor

CBI failed to challenge 2015 excess spectrum order: Public prosecutor
The public prosecutor in the 2G spectrum case, Anand Grover, told the Supreme Court that the Central Bureau of Investigation (CBI) had not followed his recommendation to challenge a 2015 special court order acquitting all the accused in the excess spectrum case.
Grover made the complaint even as the top court bench monitoring telecom cases demanded a status report from the CBI and the Enforcement Directorate on their investigations into alleged irregularities related to the Aircel-Maxis deal.The public prosecutor had faced the special court's flak last month when it acquitted all the accused, including former telecom minister and DMK leader A Raja and his party colleague and MP Kanimozhi, in the 2G case.
An appeal against the December 22, 2017, judgement is expected to be filed in the Delhi High Court, challenging the acquittal and also seeking expunging of the adverse remarks the special court made against the public prosecutor.But in the excess spectrum case dating back to 2002, where the same court acquitted former telecom secretary Shyamal Ghosh and telecom firms Bharti AirtelBSE 1.36 % and Vodafone India, the CBI has done nothing despite its officials agreeing with his opinion to challenge it, Grover said.

Additional Solicitor General Tushar Mehta claimed that a revision had not been filed in that case because the attorney general had given an opinion against it. He, however, sought more time to take a call on the issue. "Please grant us 10 days or two weeks to deal with it," he said.
Grover asked how the government could interfere on the basis of AG's opinion when the top court was monitoring a caseIn that case, the CBI had argued that the exchequer had suffered a loss of more than ?800 crore after excess spectrum was allotted to these companies at a lower price. But the special judge discharged all without framing charges citing lack of evidence.
In the Aircel-Maxis case, the Maran brothers — Dayanidhi and Kalanithi — were discharged early last year by the same court, saying that they had been charged on a misreading of official documents.
The  Economic Times, New Delhi, 5th January 2018

Comments

Popular posts from this blog

Data storage norm splits digital payments industry

Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...

Offer’s for all of you

Great Bumper Dhamaka Offer’s for all of you... It's Time to see your Business Online, WebeCreator Offer Website Designing with domain & Email @ nominal charges. For a year For More information visit us http://goo.gl/KlpppF call on 9890151261/9773197533  drop a mail to sales@webecreator.com

Sebi to finalise options in commodities today

The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...