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2G case: CBI grills realty firm exec for ADAG links

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Press Trust of India New Delhi

Continuing its probe into the financial dealings of Anil Ambani-led ADAG in connection with the 2G spectrum allocation scam, the CBI today questioned a top executive of realty and infrastructure firm for links with the group.

Official sources said the agency today questioned Amit Sarin, Director and CEO of Anant Raj Industries.

"We had entered into a joint venture with ADAG six years back for two hotels and we were called to CBI to explain our financial dealings with that company," Sarin told PTI after he was questioned by the agency.

He maintained that his company had no role to play in the 2G scam.

 

Today's questioning comes days after the agency told a court here that Reliance had stakes in Swan Telecom which was one of the companies that had bagged the 2G spectrum licence.

The agency has already done a round of questioning with Ambani recently.

Rejecting the bail pleas of Swan Telecom promoter Shahid Usman Balwa and R K Chandolia, former personal secretary of former telecom minister A Raja, Special CBI Judge O P Saini had said "M/s Reliance Telecom of ADAG group of companies had already been granted license in some circles and, as such, M/s Swan Telecom Pvt Ltd, its associate company, was not eligible for license."

The court said Swam Telecom should not have applied for licences in the first place as it was incorporated by the Reliance group of companies and thus was ineligible.

Meanwhile, the CBI today also questioned Sanjeev Agha, CEO of Idea Cellular in connection with the scam.

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First Published: Mar 02 2011 | 8:11 PM IST

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