04:47 am - Thursday 27 April 2017

Vahanvati said in 2009, Swan fulfilled all conditions for licences

By Parvina Purkayastha - Sun Aug 26, 8:56 pm

Shahid Balwa promoted STPL was acting as a front company for Reliance ADAG.

A key prosecution witness told a Delhi court, that G E Vahanvati, as solicitor general said in 2009 that Swan Telecom Pvt Ltd (STPL), which is now an accused in the 2G spectrum case, had “fulfilled all the necessary conditions” for licences.

Retired deputy director general (DDG) (Access Services) from the Department of Telecom (DoT) AK Srivastava, said that the department had received complaints against STPL from two Member of Parliaments (MP) . He said the complaints were regarding alleged violation of clause 8 of the Unified Access Services Licence (UASL) guidelines .

The (STPL’s) file was received in the office of chairman, Telecom Commission, who is also secretary (telecom), on March 27, 2009 with the note of SG dated March 24-25, 2009.

The CBI claims that as per clause 8 of UASL guidelines, “No single company or legal person, either directly or through its associates, shall have 10% or more equity holding in more than one licensee company in the same service area for the same service.”

The CBI, in its charge sheet, had said that Shahid Balwa promoted STPL was acting as a front company for Reliance ADAG.

Balwa and three top executives of Reliance ADA group is facing trial in the 2G case along with Raja, Behura and others.

As of the chargesheet against Swan telecom “The accused persons structured the holding of Swan in a manner that only 9.9% equity was held by RTL and rest 90.1% was shown as held by Tiger Traders Pvt Ltd, although the entire company was held by Reliance ADA group of companies through the funds raised from RTL.”

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