Continuing its probe into the financial dealings of Anil Ambani-led ADAG in connection with the 2G spectrum scam, the CBI on Wednesday questioned Amit Sarin, Director and CEO of realty and infrastructure firm, Anant Raj Industries Ltd., for alleged links with the group.
“We had entered into a joint venture with the ADAG six years back for two hotels and we were called to the CBI to explain our financial dealings with that company,” Mr. Sarin told PTI. He maintained that his company had no role to play in the 2G scam.
Rejecting the bail pleas of Swan Telecom promoter Shahid Usman Balwa and R.K. Chandolia, former personal secretary of the former Telecom Minister, A. Raja, Special CBI Judge O.P. Saini had said: “M/s Reliance Telecom Limited of ADAG group of companies had already been granted licence in some circles and, as such, M/s Swan Telecom Pvt Ltd, its associate company, was not eligible for licence.”