2G: Anil Ambani's Reliance challenges CBI in High Court

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Anil Ambani
New Delhi, Oct 24: In the wake to give a tough fight to the investigative agency, Central Bureau of Investigation (CBI), Anil Ambani led Reliance Telecom moved the Delhi High Court on Monday, Oct 24.

Challenging the charges that the CBI had raised against the company, Reliance Telecom moved the high court. Earlier the special CBI court, headed by justice OP Saini dismissed the contention of Reliance Telecom Ltd (RTL) that Swan Telecom Pvt Ltd (STPL) was not its "associate" saying it was, directly or indirectly, holding 100 per cent shares in STPL.

"Its (STPL) source of fund was RCL/RTL (Reliance Communication Ltd/ Reliance Telecom Ltd). Directly or indirectly it was holding 100 per cent shares of STPL as on the date of application.

"The source of funding of STPL was RCL/RTL...As such, STPL was not only an 'associate' but a front, or a facade, for RCL/RTL. In a sense, STPL was RCL/RTL itself and STPL was just a mask for it," the judge said.

The court also said RTL, which was already having CDMA license, in order to obtain GSM license in 13 circles, created a "web of companies" in order to conceal the identity of STPL.

However, the investigative agency also had earlier stated that it is still probing the role of Anil Ambani as part of its investigation into the 2G scam and that he has not been given any clean chit yet.

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