New Delhi: Essar promoters Ravi and Anshuman Ruia, and Loop Telecom's Kiran Khaitan and IP Khaitan have been charged with conspiracy while Essar's Director for Strategy and Planning Vikash Saraf has been charged with cheating and conspiracy in the 2G spectrum allocation scam. The Special Central Bureau of Investigation (CBI) court also granted them bail on a surety bond of Rs 5 lakh each while charging them. Advancing arguments on...
04:22 PM, May 25, 2012
New Delhi: A special Central Bureau of Investigation (CBI) court on Saturday said arguments on the framing of charges against some top corporate honchos from Loop Telecom and Essar Group will commence May 3. Special CBI Judge OP Saini put, for May 3, the arguments on framing of charges and bail application of Ravi Essar Group promoters Ravi Ruia and Anshuman Ruia, Loop Telecom promoters IP Khaitan and Kiran Khaitan...
07:32 PM, Apr 21, 2012
New Delhi: Essar Group promoters Anshuman and Ravi Ruia, accused in a case flowing out of the 2G scam, were on Saturday directed by a Delhi Court to appear in person before it with a warning they would suffer if they do not do so. The warning came from Special CBI Judge OP Saini after the Ruias and Loop Telecom promoters IP Khaitan and Kiran Khaitan also failed to turn...
12:23 PM, Mar 17, 2012
New Delhi: The promoters of Loop Telecom and Essar Group have been summoned to appear before the 2G court in Delhi on Wednesday. This comes a week after the Supreme Court refused to grant interim stay on the summonses issued against them and their officials by a special CBI court to appear before it on February 22 for their alleged involvement in a 2G spectrum scam offshot case. Fresh summonses...
08:19 AM, Feb 22, 2012
New Delhi: Fresh summons have been issued to top executives of Essar and Loop Telecom, accused in the 2G spectrum scam case, after they didn't appear before a Delhi court on Friday. The CBI has chargesheeted the two companies and five executives for criminal conspiracy and cheating to get the 2G license. The five executives - Essar Promoter Director Anshuman Ruia, Essar Vice Chairman Ravi Ruia, Essar Group Director (Strategy...
03:57 PM, Jan 27, 2012
New Delhi: Top executives of Essar and Loop Telecom accused in the 2G spectrum allocation scam failed to appear before a Delhi court on Friday. The five executives - Essar Promoter Director Anshuman Ruia, Essar Vice Chairman Ravi Ruia, Essar Group Director (Strategy & Planning) Vikas Saraf, Loop Telecom's Kiran Khaitan and IP Khaitan - were issued summoned by the special Central Bureau of India (CBI) judge OP Saini in...
12:03 PM, Jan 27, 2012
Essar group promoters Anshuman and Ravi Ruia are among the 2G scam accused named in the third chargesheet. ...
08:00 AM, Jan 05, 2012
London: Essar Energy Chairman Ravi Ruia on Wednesday announced his decision to step down from the post amid CBI claiming that Essar group suppressed facts related to its equity holding in Loop Telecom, an allegation denied by the conglomerate. Essar Group is surprised and disappointed by the stand taken by the CBI, Essar Energy said in a statement. Meanwhile, Ravi Ruia has voluntarily decided to temporarily step aside as Chairman...
07:36 PM, Dec 21, 2011
New Delhi: The promoters of Essar Group and Loop Telecom were among the five persons who were directed to appear on January 27 before a Delhi Court which on Wednesday took cognizance of the CBI charge sheet arising out of the probe in the 2G scam case against them. "I have carefully gone through the copy of the FIR, supplementary charge sheet, statement of witnesses and related documents. On the...
05:57 PM, Dec 21, 2011
New Delhi: Essar group on Wednesday said the special 2G court had no jurisdiction in taking cognisance of the CBI chargesheet filed against its five officials and three companies, and said it would be taking legal recourse in this regard. The company said in a statement that it has been "advised that the special court has no jurisdiction in matters where no corruption charges have been alleged. Essar will take...
05:43 PM, Dec 21, 2011
New Delhi: A special CBI court is expected to decide whether to take cognizance of the CBI's chargesheet against Essar Group and Loop Telecom in the 2G spectrum scam case on Wednesday. Promoters of both companies are accused of cheating and criminal conspiracy. Special CBI Judge OP Saini who had reserved his order on the issue on December 17 will also pass an order whether the offence against the Essar-Loop...
08:47 AM, Dec 21, 2011
Srinagar: In a cheerful hall humming with voices, rows of young men and women handle calls from irate cellphone subscribers in eastern India in perfect Hindi. It could be an outsourcing centre in Bangalore or Hyderabad. But this is insurgency-scarred Kashmir, where association with India has always been regarded with suspicion. As call centres go, the 230-seat office in a run-down industrial quarter of Kashmir's summer capital, Srinagar, is small...
03:26 PM, Aug 08, 2011
New Delhi: Carrying on its probe into the 2G scam, the CBI has recorded the statements of jailed former telecom Minister A Raja and the then telecom secretary Siddhartha Behura in connection with grant of spectrum licence to Loop and the role of Essar group. Highly-placed sources said the duo was quizzed after the recent communications from Ministry of Corporate Affairs and some legal opinions expressed by former legal experts...
07:37 PM, Jul 24, 2011
New Delhi: In the other end of the 2G investigations the CBI's status report in the Supreme Court on Wednesday said there is a prima facie case against the Essar group. The agency submitted to the court that there is evidence to indicate that the 2G beneficiary Loop telecom was indeed a front company for Essar. Apart from Maran, it was Essar and Loop Telecom that seems to be the...
10:25 PM, Jul 06, 2011
New Delhi: The Central Bureau of Investigation (CBI) will file an interim report on 2G spectrum scam case in the Supreme Court on Wednesday. The report could tell the Apex court about former telecom minister A Raja's foreign bank accounts. The agency is likely to request for more time to look into fresh allegations made against telecom major Essar. Sources have told CNN-IBN that the CBI could also furnish details...
08:19 AM, Jul 06, 2011
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