Damning move; Jailed Reliance executives to turn approvers?

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2G Spectrum Scam
New Delhi, Sept 30: In a breakthrough in the murky 2G scam case that has rocked the nation, the CBI has revealed to the Supreme Court that 3 senior executives of the Reliance Anil Dhirubhai Ambani Group (ADAG) who are under arrest may turn approvers. The result of the same will be that the “real beneficiaries" of the multi-crore scam will come to light.

CBI counsel and senior advocate K K Venugopal stated to the special bench of Justice G S Singhvi and Justice AK Ganguly that the three executives have bounced from their earlier statement in which they had taken the blame of the scam on their shoulders.

The executives who are jailed at Tihar include Gautam Doshi (managing director, Reliance ADAG); Surendra Pipara (senior vice- president of ADAG and Reliance Telecom) and Hari Nair (senior vice-president ADAG). They took a complete u-turn in the Delhi High Court recently when they declared that they were only employees and did not benefit from the scam. They were being accused of conspiracy and abatement to cheating in the 2G scam.

Hoping to be granted bail, the complete flip in stand indicated that they might turn approvers, said Venugopal. The move is expected to give insights into the Swan Telecom stake sale to Delphi. He added, "When originally questioned under Section 161 CrPC they took entire responsibility. In the High Court, they said they were only employees and there are persons who are the real beneficiaries. From them (Doshi, Pipara and Nair) we have to find out who the real beneficiaries are... in which case they may turn approvers."

On the surprise move, Reliance Telecom in a press statement said, “None of the three Reliance executives chargesheeted by CBI have at any stage till date expressed any desire to become approvers. The distorted media reporting on this issue is a very serious matter and will be acted upon. It is reiterated neither Reliance Telecom nor the promoters are beneficiaries of any telecom licences issued in January 2008."

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