CBI ‘s statement came before CBI special judge OP Saini, special public prosecutor UU Lalit said: “Raja favoured Reliance Communication. How is it possible that Reliance communication applied for licences a day before inviting applications for it.”
Beginning arguments on the second day on argument on charge the CBI informed a special court here that former telecommunication minister A Raja had approved the grant of dual technology 2G spectrum licences to his favuorite telecom firms like Swam Telecom depriving Tata Teleservices and Spice Communication.
CBI ‘s statement came before CBI special judge OP Saini, special public prosecutor UU Lalit said: “Raja favoured Reliance Communication. How is it possible that Reliance communication applied for licences a day before inviting applications for it.”
“We are not going into the facts that how much benefit Reliance got,” said Lalit, adding that Tata was already having CDMA technology like Reliance had.
“What was the reason that Tata was dropped from the priority list, whereas Reliance gets the benefits,” said Lalit.
“Tata was deprived by saying that you applied late,” Lalit added.
Lalit said Raja, along with Chandolia and Behura, had designed deviations in the first-come-first-serve (FCFS) policy to favour Sanjay Chandra's Unitech Wireless and Swan Telecom.
He said by these ill-designs of Raja and others in the telecom ministry, Swan Telecom jumped to a higher position in priority list above Spice Communication which had applied for the spectrum in August 2006 whereas Swan Telecom had applied only in March 2007.
“Spice Communication, following the existing FCFS principle, would have been the first priority, Tata second and Swan would have been at priority number five but Swan came at priority number one in the final list. This is how it gets manipulated,” Lalit said.
Lalit argued Reliance had floated Swan Telecom as it was not sure if its application for dual technology use of spectrum will be allowed.
But by floating a front company, Reliance had violated the law which stipulated that no group can have substantial equity holdings in in two companies within the same circle, he contended.
“It (Reliance) was unclear whether they will be allowed GSM spectrum through dual technology. So, they put up the particular company... Swan was nothing but an alter ego of Reliance. Various companies were formed as associates and they fraudulently showed transfer of shares,” said Lalit.
The CBI further stated that Reliance has floated many more companies, which we get to know from those companies bank statement.
“Swan receives Rs974.49 crores from Reliance Communication,” said Lalit.
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