Swan Telecom was indirectly funded by ADAG: court

Swan Telecom was indirectly funded by ADAG: court

"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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