The CBI representative on Sunday clarified that investigation on the role of Anil Ambani in 2G spectrum case is still in progress. The CBI on the status report submitted to Supreme Court on September 29 had submitted that so far it could not obtain any oral or documentary evidence against Ambani so as to incriminate him “in the structuring of different companies and transfer of funds relating to Swan Telecom Company which had got Spectrum license”. The statement was made in response to a note by the petitioner Prashanth Bhushan that questioned the fairness of the investigation. Bhushan alleged that it is difficult for three employees to form a network of companies so as to mask the real ownership of Swan and to take 1000 crore of money without the consent of the Chairman of the Board. At the time of applications to the DoT for UAS licenses, Tiger Traders (91.1%) and Reliance Telecom (9.1%) were the share holders of Swan Telecom. Anil Ambani and his wife were the original promoters of AAA consultancy Services which had contributed small amount of funds towards Tiger Traders. But their shareholding of these companies was transferred a year prior to the application to DoT. The CBI is still in the stage of collecting evidence on “the role of Ambani and other employees in relation to share interest in the Swan Telecom” that was sold to Mauritius-based Delphi. According to CBI the shares sold to Delphi were undervalued. Meanwhile the Reliance ADA group on Friday clarified they had no beneficial interest in the 2G license and the share interest in Swan Telecom was sold months before the license was granted to Swan Telecom.

Three top ADAG employees Gautam Doshi, Surendra Pipara and Hari Nair had been arrested for offences of criminal conspiracy, abetment to cheating etc in the 2G scam. The charge sheet says that “Doshi, Pipara, and Nair floated Swan Telecom as a front company of Reliance for getting 2G license.” ADAG Group Company Reliance Telecom Limited has also been charged for similar offences. The CBI said that there are chances that the employees may turn approvers considering the circumstances and the real beneficiaries will be soon found.

Reported By Lydia Chitra Jacob