2G scam: court allows Swan co-promoter to sign resolution

June 06, 2011 05:57 pm | Updated August 18, 2016 12:02 pm IST - New Delhi

A Delhi court today allowed co-promoter of Swan Telecom Vinod Goenka, an accused in 2G scam, to sign a board resolution to appoint an additional director in a company in which he is also a director.

Special CBI Judge O.P. Saini allowed Goenka’s plea after the probe agency did not raise any objection on his plea.

Vijay Aggarwal, counsel for Mr. Goenka, had said his client is also a director of real estate firm Siddhivinayak Realties Pvt Ltd and he be allowed to appoint an additional director as he is currently lodged in Tihar Jail in connection with the case.

“Kindly permit Goenka to sign the board resolution of the company to appoint an additional director so that the work of company will not suffer due to his unavailability,” Mr. Aggarwal had said.

Mr. Goenka, arrested on April 20, is in judicial custody along with 13 other accused including former Telecom Minister A Raja, DMK MP Kanimozhi and Swan Telecom co-promoter Shahid Usman Balwa.

In the first chargesheet, CBI had named Mr. Goenka as one of the accused in the spectrum allocation scam.

Mr. Goenka, along with three top officials of Reliance ADAG — Group President Surendra Pipara, Senior Vice President Hari Nair and Group MD Gautam Doshi — are accused of conspiring with Raja and DoT officials to cause a loss of Rs 30,000 crore to the state by manipulating the first-come-first-serve (FCFS) policy.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.