2G scam: CBI grills Dubai industrialist IP Khaitan

With its sleuths already in Mauritius for 2G spectrum scam probe, the CBI today questioned Dubai-based industrialist IP Khaitan for his alleged interests in Loop Telecom, one of the beneficiaries of the allocations.

Khaitan, who arrived at the CBI headquarters in the morning, was grilled by the sleuths for about eight hours in connection with ownership patterns in Loop Telecom, agency sources said.

The agency is probing whether Loop Telecom was the front for Essar group, which has family links with the Khaitans, in getting the unified access licences for second generation telecom spectrum.

The sleuths are looking into the alleged link between Essar and Santa Trading Private Limited, reportedly owned by the Khaitans, which floated Loop Telecom and financial exchanges that allegedly took place between the two companies, sources said.

A team of CBI officials has already reached Mauritius to get details of companies linked to beneficiaries of spectrum allocation which was allegedly done by flouting rules.

The agency has already dispatched a Letter Rogatory to Mauritius seeking details of 12 companies which allegedly had either invested in Swan Telecom, Loop Telecom, linked with Reliance Telecom and Essar group.

The CBI is trying to get details of Delphi, Apex Fund Services, Maavi Investment Fund, Palab Investments, Capital Global, Black Lion, Inditel Holding, Etisalat, Deccan Asian Infrastructure, Aid-tel Holding, Kaif Investment and Electro Investments.