Friday, February 4, 2011

CBI traces 2G trail: Raja parked money abroad?

New Delhi: The questioning of arrested former telecom minister A Raja by the CBI continued for the second day on Friday.



The interrogated A Raja, his aide RK Chandolia and former telecom secretary Siddharth Behuria jointly.

The former minister chose to remain silent and refused to acknowledge that he conspired to rob the exchequer of Rs 22,000 crore as alleged by CBI.

CBI traces 2G trail: Raja parked money abroad?

Sources have told CNN-IBN that the CBI's investigations at this stage focus on the bribe money that exchanged hands.

CBI sources allege that a sum of Rs 32,000 crore was invested in Mauritus and Madagascar at Raja's behest.

CBI had sent letter rogatories to five countries - Mauritus, Madagascar, Isle of man, UAE and Cyprus.

CBI is investigating the exact worth of the bribe that Raja and others were allegedly paid and also the role of the alleged bribe payers.

Shaid Usman Balwa, the CMD of DB-Etisalat is likely to be the first in line of the private telecom players who could be interrogated post Raja’s arrest.

CBI had told the court on Thursday that Swan which later became DB-Etisalat and Unitech together caused a loss of over Rs 7000 crore to the exchequer.

On Friday, CBI also questioned A K Srivastav, director general DoT, the man whose office was allegedly used by Chandolia to issue letter of intents to telecom companies in clear violation of the government policy.

Sources also say that to boost its case CBI is looking at DOT staffers to become witness against the three accused. R K Gupta, a DoT officer was the first one to be summoned as a witness by CBI on Friday.

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