2G scam: Reliance official deposes as prosecution witness

A 2G spectrum case prosecution witness today told a Delhi court that some employees of Reliance Infrastructure Ltd had been made authorised signatories for various alleged Reliance ADAG associate firms, including Swan Capital Pvt Ltd and Giraffe Consultancy Services Pvt Ltd.

Deposing as a prosecution witness, Reliance Infrastructure Ltd's Senior Executive Vice President (Accounts and Finance) Ashish Tambawala told Special CBI Judge OP Saini that he himself was the authorised signatory for over 100 companies and all of them belonged to Reliance ADA Group.

"During that period (2006-2008), I was the authorised signatory for more than 100 companies for operating more than 150 bank accounts....

"In common parlance, all companies of which I was authorised signatory, belong to Reliance ADA Group," he said.

During his deposition, Tambawala was shown bank account opening forms of companies including Swan Capital Pvt Ltd, Tiger Traders Pvt Ltd, Giraffe Consultancy Services Pvt Ltd, Swan Consultants Pvt Ltd and Zebra Consultants Pvt Ltd, which were alleged by CBI in its chargesheet to be associates of Reliance ADA Group.

Tambawala, whose recording of statement remained inconclusive, said there were five authorised signatories for these companies and he was one of them.

"All five (signatories) work in Reliance Infrastructure Ltd," Tambawala said, adding accounts of these companies were opened in ICICI Bank at Mumbai.