Shahid Balwa to turn whistleblower in 2G scam?


Shahid Balwa
New Delhi, Jun 1: The jitters doesn't seem to subside on matters regarding the 2G spectrum scam and its explosive revelations. In a major development in the case, one of the accused in the telecom scam and the promoter of Swan telecom and the Managing Director of DB Realty, Shahid Balwa has expressed his interest to depose before the Joint Parliamentary Committee (JPC).

The move touted to send shock waves among those accused and others will spill the beans on the inside details of the biggest scam India has seen in recent times. The deposition will also uncover the facade of the UPA government.

Balwa showed his interest to depose in a letter to the JPC and stated, “In the interest of the investigation, I should be called to depose before the JPC." He is the first person to have come forward to reveal facts before the JPC.

Balwa, a close associate of Former Telecom Minister A Raja is believed to have unfairly benefited from his proximity to the Minister. Raja allegedly helped Swan bag 2G licences for 13 circles, including Mumbai and Delhi, for Rs 1,537 crores but Swan sold 45 per cent shares to the UAE telecom giant Etisalat for approximately Rs 4,500 crore within months of bagging the spectrum.

Will this latest move blow the whistle for many other high-profile people involved in the 2G spectrum scam? Only time will tell.

OneIndia News

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