Thursday, February 10, 2011

Constitute special court for 2G trial......asked Supreme Court

The Supreme court on Thursday asked the government of India to consider constituting a special court for hearing the 2G licence trial.
The apex court is closely monitoring the CBI investigation into the 2G spectrum scam, which said to have cost around 1.76 lakh crore rupees to the national exchequer. The CBI is supposed to file the first charge-sheet in the case by March 31.
The investigators suspect government officials colluded with the private sector in selling them lucrative 2G mobile licences below market value and are now probing whether anyone received kickbacks.
The CBI court had on Tuesday arrested Shahid Balwa, who is the managing director of DB Realty and vice chairman of Etisalat DB, the Indian telecoms joint venture between Abu Dhabi's Etisalat and DB Group. With this arrest the CBI is likely to further intensify the grilling of former Telecom Minister A. Raja, who is already in the CBI custody.
Raja, who was forced to resign from the union cabinet following the scam, was arrested by the CBI last week and was sent in CBI custody initially for five days. On Tuesday, the investigating agency on Tuesday got two more days' extension of the custody to further grill him.

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