Defects in Shyam Telelink’s application: Unitech MD

April 3rd, 2012 - 1:16 am ICT by IANS  

New Delhi, April 2 (IANS) Unitech Managing Director Sanjay Chandra told a special CBI court Monday that Shyam Telelink Ltd’s applications for 2G spectrum licences were required to be summarily rejected as they were defective.Chandra said before the Central Bureau of Investigation (CBI) Special Judge, O. P. Saini that Shyam Telelink had applied for Unified Access Service (UAS) licences without entering into a joint venture agreement with Russia’s Sistema before the cut-off date of Sept 25, 2007.

Chandra’s counsel Rebecca John made the statement while cross examining a CBI witness and deputy CEO of Indo-Russian joint venture, Sistema Shyam Teleservices, operating in the name of MTS, T. Narashiman.

Narasimhan denied all the allegation and said: “It is wrong to suggest that the applications filed by Shyam Telelink Ltd were full of defects and were required to be summarily rejected by the DoT.”

He added that it was wrong to suggest that Shyam Telelink took advantage of the net worth of Sistema, as at that time, it had not even entered into an agreement with it.

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