2G scam: ADAG says CBI examined group officials

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Anil Ambani group today said the CBI has examined some of its officials as part of the ongoing probe into various matters relating to telecom companies from 2001 to 2008.

Following a Supreme Court directive, CBI is probing telecom companies and their officials with regard to various matters that happened during 2001-08.

"As part of this process, CBI has also examined a few officials of Reliance ADA Group, and we are fully co-operating with the authorities in this regard," a Reliance ADA Group Spokesperson said in a late night statement.

CBI is investigating into 2G spectrum allocation during 2001-09. The government auditor CAG had estimated a revenue loss of up to Rs. 1.76 lakh crore due to alleged irregularities in the sale of spectrum in 2008 by the telecom ministry under former minister A Raja.

Besides issuing 122 new licences, Raja had also allowed dual technology licences under which ADA Group company Reliance Communications was allocated start-up GSM spectrum at the rate of Rs. 1,658 crore for pan-India licence.

Highlighting the irregularities in the 2G spectrum allocation, the CAG in November last year had alleged that Swan Telecom, one of the companies that got the licence, appeared to act as a "front company" on behalf of Reliance Telecom.

The claim had been denied by the Anil Ambani-led Reliance Communications.

Reliance Communications in November had said the firm was in full compliance with all applicable laws, rules and regulations, and there has been no violation of licence conditions at any stage on account of cross-holdings in excess of 10 per cent.
 

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