This Article is From May 24, 2011

2G case: Court rejects Balwas' bail pleas

2G case: Court rejects Balwas' bail pleas
New Delhi: The special CBI court hearing the 2G scam case today rejected the bail applications of Shahid Usman Balwa, promoter of DB Realty and Swan Telecom (now Etisalat DB), and his cousin Asif Balwa and Rajeev Agarwal, both directors of Kusegaon Realty.

"All the three bail pleas are dismissed," Special CBI Judge O P Saini said.

The court had on May 21 deferred the hearing on the bail pleas of Asif Balwa and Rajeev Aggarwal, the very day when Kanimozhi appeared in court after spending the first night in Tihar jail.

The Central Bureau of Investigation (CBI) had, in its second chargesheet in the 2G case, alleged that Shahid Balwa along with Vinod Goenka, MD of DB Realty and Swan Telecom, channelled Rs 200 crore to DMK family-run Kalaignar TV, through Kusegaon Realty.

Both the directors of Kusegaon, Asif and Rajeev, have been charged with criminal conspiracy, cheating and corruption in the 2G scam case.

The duo was arrested on March 29 whereas Shahid was arrested earlier on February 8 during investigations into the case. The trio are currently lodged in Tihar Jail.

Shahid is alleged to be one of the main beneficiaries of the 2G scam with his firm, Swan Telecom, having been allotted licenses for valuable spectrum at throwaway prices by former Telecom Minister A Raja as apart of a criminal conspiracy.  

Raja, his former telecom secretary Siddhartha Behura and his personal secretary R K Chandolia were arrested earlier and are also lodged in the Tihar jail.

The CBI has indicted Raja for conspiring with top bureaucrats, including a retired IAS officer, and corporate honchos to cause a loss of Rs. 30,984 crore to the exchequer in allocation of the 2G spectrum.
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