This Article is From May 09, 2011

2G scam: Court reserves order on bail plea of corporate honchos

2G scam: Court reserves order on bail plea of corporate honchos
New Delhi: The Delhi High Court on Monday reserved its order on the bail plea hearing of five corporate executives named co-accused in the 2G spectrum scam and did not fix any further date for the order.

The five accused are Vinod Goenka of Swan Telecom, Sanjay Chandra of Unitech and three senior officials of the Anil Dhirubhai Ambani Group (ADAG), Gautam Doshi, Hari Nair and Surendra Pipara. The Central Bureau of Investigation (CBI) argued its case today as the defence counsels for all the corporates had already concluded their arguments.

The five men had been sent to 14-day judicial custody by the Delhi High Court quashing their bail pleas, calling them "meritless" in the face of 'serious allegations' and 'incriminating evidence' in a chargesheet filed by the CBI. This came after a special court hearing the high-profile 2G spectrum scam had rejected the bail applications.

The CBI had named them co-accused, along with former telecom minister A. Raja, his personal aide R.K. Chandolia, former telecom secretary Siddhartha Behura and Swan Telecom promoter Shahid Balwa. Later, the probe agency also named Tamil Nadu Chief Minister M. Karunanidhi's daughter Kanimozhi as co-conspirator in the case, while his wife Dayalu Ammal was listed as a witness.

A sitting Rajya Sabha member, Kanimozhi was named co-conspirator along with Sharad Kumar of Kalaignar TV, Karim Morani of Cineyug Films, and Asif Balwa and Rajiv B. Agarwal of Kusegaon Realty.

Among the accused, Raja, Chandolia, Behura, Shahid Balwa, his brother Asif Balwa, Agarwal, Goenka, Chandra, Doshi and Nair are in judicial custody. Meanwhile, Pipara who is also in judicial custody is presently admitted in the All India Institute of Medical Sciences (AIIMS).
.