2G: Loop Telecom, Essar move high court
January 5th, 2012 - 12:59 pm ICT by IANSNew Delhi, Jan 5 (IANS) Loop Telecom and Essar Group, accused in the 2G spectrum scam, Thursday moved the Delhi High Court pleading that their case should not be heard by a special CBI court as they have not been charged under the Prevention of Corruption Act.
Justices B.D. Ahmed and V.K. Jain will hear their plea Jan 10.
The Central Bureau of Investigation (CBI) Dec 12 filed a third chargesheet in the 2G case against Loop promoters and the Essar Group for criminal conspiracy and cheating with the department of telecommunication (DoT), but had not booked the firms under the Prevention of Corruption Act.
The fresh set of charges alleged that the Essar Group used Loop as a front company to acquire telecom licences in 2008. Essar, which already had a 33 percent stake in Vodafone, held substantial equity in Loop and thus violated telecom licence norms, the chargesheet said.
The licences to Loop were given during the tenure of former communications minister A. Raja, who is in judicial custody in Tihar Jail as a prime accused in the case. The firm reportedly secured licences for 21 circles for around Rs.1,450 crore.
The three companies named in the third chargesheet are Essar Teleholdings, Loop Telecom and Loop Mobile India, while the five individuals are the Essar Group’s Anshuman Ruia, Ravikant Ruia and Vikas Saraf, and the promoters of Loop, Ishwari Prasad Khaitan and Kiran Khaitan.
- 2G: Court summons five corporate honchos (Lead) - Dec 21, 2011
- Surprised by cognizance in 2G case: Essar - Dec 21, 2011
- 2G: Court summons five corporate honchos (Second Lead) - Dec 21, 2011
- 2G: Cheating charge against promoters of Essar group - Dec 12, 2011
- 2G: Court order on CBI's fresh set of charges Dec 21 (Lead) - Dec 17, 2011
- 2G: Arguments on charges against Essar, Loop Thursday - May 02, 2012
- 2G: Arguments on charges against Essar, Loop promoters from May 3 - Apr 21, 2012
- 2G: Ravi Ruia, three others exempted from Wednesday's personal appearance (Lead) - Feb 22, 2012
- 2G: Ravi Ruia, three others skip court again - Mar 17, 2012
- 2G: Ravi Ruia, three others appear before court - Mar 31, 2012
- Loop, Essar promoters move bail pleas in 2G case (Lead) - Mar 31, 2012
- 2G Scam: Ravi Ruia, three others issued fresh summons (Lead) - Jan 27, 2012
- 'Nod needed for hearing Essar, Loop plea' (Lead) - Jan 24, 2012
- Essar, Loop deny violation of licence guidelines - Jan 27, 2012
- 2G: Essar, Loop withdraw plea (Lead) - Feb 14, 2012
Tags: 2g, anshuman, cbi court, central bureau of investigation, criminal conspiracy, delhi high court, essar group, jain, judicial custody, khaitan, kiran, loop telecom, prasad, prevention of corruption act, raja, rs 1, ruia, saraf, substantial equity, vikas