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Policy & Regulation
CBI finds no bribery evidence against Anil Ambani in 2G spectrum case
TT Correspondent |  |  17 Jan 2014

Anil Ambani is learnt to have got relief in 2G spectrum allocation case with the Central Bureau of Investigation finding no evidence to prove its allegations that Reliance Telecom routed money to then telecom minister A Raja in return for favours to the company during the allotment of spectrum in 2008, according to a TIO repot.

The Central Bureau of Investigation (CBI) was probing into investment by Reliance Telecom, a unit of Anil Ambani-led Reliance Communications, in Mauritius-based Delphi, documented as part of the 2G spectrum scam.

The report quoted a CBI official to say that its letter rogatory sent to Switzerland in 2011 has not provided any incriminating evidence against Ambani or his company, a senior CBI official said.

As per CBI allegations Reliance Telecom had sold its 9.1 per cent stake to Delphi for Rs 10 crore, a price much lower than the prevalent market rate. The Switzerland response believed to have suggested that there was no Indian investment in Mavi. The CBI after this is left with no evidence to prove a bribery allegation against Ambani.

    
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17 Jan 2014(IST)  
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