November 23rd, 2011
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2G case: 5 corporates granted bail

supreme-courtNew Delhi: The Supreme Court on granted bail to all five corporate executives charged in the 2G spectrum. All five corporates have been asked to furnish a surety bond of Rs. 5 lakh each. This is the first set of bail granted in the mutli-crore telecom spectrum scam.

Unitech’s Managing Director Sanjay Chandra, Swan Telecom’s Director Vinod Goenka as well of Reliance ADAG officials Gautam Doshi, Hari Nair and Surendra Pipara who had been lodged in Tihar jail for over six months were granted bail today. The Central Bureau of Investigation can move the Supreme Court if it feels the bail is misused.

The five accused had moved the apex court challenging the Delhi High Court and trial court orders turning down their bail pleas. The accused, who have been charged under various offenses under the Indian Penal Code and Prevention of Corruption Act, contended that they should be granted bail as the charges have already been framed and there is no chance of them tampering with the evidence.

The Reliance executives, Gautam Doshi, Surendra Pipara and Hari Nair are accused of cheating as part of an alleged conspiracy. They allegedly created a web of companies through subterfuge in order to conceal the real identity of the holding hands of Swan telecom. Goenka is accused of being a part of this larger conspiracy whereas Unitech’s Chandra is accused of being a beneficiary in the scam.

Chandra’s firm was given the 2G spectrum licence by former telecom minister A Raja despite its ineligibility and that his company was tipped-off about the advancement of cut-off dates for applying for the 2G licence. The CBI also alleged that after getting the licences, Unitech and co-accused Swan Telecom had sold their equity to foreign companies much before beginning to roll out of their services, thereby making huge profits.

The CBI is also expected to give its reply to a special court in response to the notice on another accused Shahid Balwa’s plea. Defences by the accused in the Supreme Court was that there is no prima-facie case and no documents to suggest cheating or forgery against them. Even if a prima facie case exists, bail is the rule and denial of it is an exception, the defence had argued.

Accused have no criminal past and had all along cooperated with the CBI during the investigation in the case. Investigation in the case is over, chargesheets have been filed against the accused and they are no longer needed for further investigation hence they should be released on bail.

The CBI on the other hand says that, the accused are influential persons and if released on bail they could tamper with the evidence and that the offence committed by the accused is very grave.


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