20 April 2011

Pin It

2G scam Bail Application of five corporate accused leaders rejected – will be Arrested.

2G scam Bail Application of five corporate accused leaders rejected
– will be Arrested.

Wednesday –
Today Special CBI court rejected the bail application of 5 corporate accused in 2G scam spectrum allocation case

Who are the 5 Corporate Leader accused in 2G scam?
Reliance executives -Gautam Doshi

Reliance executives -Hari Nair

Reliance executives -Sanjay Pipara

Unitech's Sanjay Chandra

DB Group's Vinod Goenka

The five executives, who were named in the Central Bureau of Investigation (CBI) chargesheet, were not arrested during the probe.

It’s expected that all the five accused will be arrested soon.

A special CBI court rejected the bail application of the five corporate leaders accused in the 2G spectrum allocation case and sent them to 14 days of judicial custody.

The five executives who are now in Tihar Jail for their alleged roles in the 2G spectrum scam will get following facilities in Tihar Jail.

Each of the executives is in a 12 foot by 10 foot cell.

For dinner, they will get one sabzi, dal and rotis.

They will sleep on the floor - each has received two bed sheets and one blanket.

Rejecting the bail plea, Special Judge OP Saini said, "I am satisfied that in the case of this magnitude, non arrest of the accused by the police is of no consequence and bail is to be considered as per the facts and circumstances of the case. On the face of it the instant case is that the charges are of grave magnitude. There are incriminating evidence on record, CBI has expressed the apprehension that accused may tamper with evidence and influence witness. These apprehensions cannot be dismissed and hence I am not inclined to enlarge (release) the accused on bail."

Former Telecom Minister A Raja, former Telecom Secretary Siddhartha Behura, Rajas personal secretary R K Chandolia and Swan Telecom Promoter Shahid Usman Balwa are already in judicial custody

All the accused have been booked under
Sections 120(B) (criminal conspiracy),
468 (Forgery for purpose of cheating),
471 (using as genuine a forged document or electronic record),
420 (cheating and dishonestly inducing delivery of property)
And 109 (abetment if the act abetted is committed in consequence,
And where no express provision is made for its punishment) of the Indian Penal Code.

What will be the next step?

Now Court will hear the arguments and will frame the Charges against all the accused in 2G scam including telecom companies - Reliance Telecom Ltd, Swan Telecom Ltd and Unitech Wireless (Tamil Nadu) Pvt Ltd.

Reality Views by sm –
Wednesday, April 20, 2011

Tag Keyword – 2G Scam 5 Corporate leaders Honchos Arrest Bail Rejected


Bikram April 20, 2011  

Hope justice is done .. but then even if it is what happens to all that money will that be all recovered thats the question ..


Amrit April 20, 2011  

Yes. Corporate world is also very very corrupt. Time to clean up. Thanks for brining up this

sm,  April 20, 2011  


sm,  April 20, 2011