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2G scam: CBI chargesheet against Raja, four others
Published on 29 Mar. 2011 11:56 PM IST
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On Saturday, the CBI will file its chargesheet against Raja and four others, including two companies - Swan and Unitech- that are believed to be the biggest beneficiaries of the massive spectrum swindle. Both companies used the licenses they were granted by Raja to make huge profits by selling stake to foreign partners.
The CBI told the court that Raja, as widely expected, will be charged with forgery, criminal consrpiacy, and corruption. In 2008, he bent government rules to award spectrum at throwaway prices to companies who were largely ineligible. Raja was arrested in February. The man who promoted Swan, Shahid Balwa, was arrested a few weeks ago for allegedly routing a 200-crore kickback to Raja through a TV channel in Chennai owned largely by the family of M Karunanidhi, the Tamil Nadu Chief Minister and the chief of Raja’s party, the DMK. Kalaignar TV is owned by Karunandihi’s wife, Dayalu Ammal, and his daughter, Kanimozhi, who is a Rajya Sabha MP. In an interview to NDTV this week, Kanimozhi stressed that the money sent to her company from Balwa was meant to be an investment that was returned with interest after negotiations broke down; she also said that business decisions made for her TV channel do not usually involve her. This morning, Balwa’s brother, Asif Balwa, was also arrested.
The most significant part of today’s hearing lies in the CBI’s assertion that corporate lobbyist Niira Radia’s taped phone conversations will be used as evidence in the case. Ms Radia, who represents clients like Mukesh Ambani and Ratan Tata, allegedly worked her government contacts, including Raja, to win privileges for her clients.
She’s also heard lobbying for Raja to be made Telecom Minister after the UPA coalition won the general election in May 2009.

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