Supreme Court Grants Bail To 5 Execs In 2G Spectrum Case

23 November, 2011

The Supreme Court on Wednesday granted bail to five company executives charged in the multi-billion dollar 2G spectrum licensing scandal that has rocked the government and businesses in Asia’s third-largest economy.

Sanjay Chandra, the managing director of Telenor’s India partner Unitech; Vinod Goenka, chairman of Etisalat’s India partner DB Group; and three executives from billionaire Anil Ambani’s group have been held in jail since April, following rejection of their bail pleas in lower courts.

They are among 14 individuals and three companies charged in alleged rigging of a 2007/08 grant of lucrative telecoms licences that a state auditor said cost the government up to $39 billion in revenue.

 


Leave Your Comment
Delhi HC Rejects Bail Pleas Of Execs In 2G Case

Delhi HC Rejects Bail Pleas Of Execs In 2G Case

Reuters 6 years ago
The Delhi High Court on Monday rejected bail to five company executives charged in a multi-billion dollar telecoms corruption scandal, according to an order read...
Delhi High Court Grants Bail To Kanimozhi, 4 Others

Delhi High Court Grants Bail To Kanimozhi, 4 Others

Reuters 6 years ago
The Delhi High Court on Monday granted bail to Kanimozhi, daughter of DMK chief Karunanidhi, and four company executives charged in a telecoms licensing scandal...
After dumping Unitech, Telenor finds a partner in Sun Pharma’s Sudhir Valia

After dumping Unitech, Telenor finds a partner in Sun Pharma’s Sudhir Valia

TEAM VCC 5 years ago
Norwegian telecom group Telenor has signed a partnership agreement with Sudhir Valia-controlled entity for a fresh joint venture that would seek to bid for a...
No Comments

Supreme Court Grants Bail To 5 Execs In 2G Spectrum Case

Powered by WordPress.com VIP