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Swan Telecom was indirectly funded by ADAG: court
PTI
Last Updated IST
Anil Ambani. FIle Photo
Anil Ambani. FIle Photo

"M/s Reliance Telecom Limited of ADAG group of companies had already been granted license in some circles and, as such, M/s Swan Telecom Pvt Ltd, its associate company, was not eligible for license," Special CBI Judge O P Saini said while rejecting the bail plea of Swan Telecom promoter Shahid Usman Balwa and R K Chandolia, former personal secretary of former Telecom Minister A Raja in 2G spectrum allocation scam.

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(Published 26 February 2011, 11:09 IST)