New Delhi:
The CBI is likely to file the third chargesheet in the 2G case today. CBI sources said that the Director of the agency has given the go-ahead to book corporate giants - the Ruias and Khaitans - for creating Loop as a front company for Essar to get a spectrum licence.
Loop is owned by the Khaitan family; Essar belongs to the Ruias.
Sources say that the chargesheet will book Loop and Essar officials for cheating and conspiracy - and that it will only name private individuals and not government officials.
The CBI will find that Essar used Loop as a front to acquire more licences and spectrum than legally allowed in 2008, when A Raja was the telecom minister. Mr Raja is currently in jail and is being tried for charges that include criminal breach of trust by a public servant.
Along with Mr Raja, the executives of some of India's biggest telecoms - Swan, Unitech Wireless and Reliance ADAG - were arrested but have been granted bail in the last few weeks.
Reliance ADAG has also been accused of using Swan as a front. The Law Ministry has said that neither Essar nor Reliance ADAG used proxy firms to get around restrictions. But the Attorney General of India, GE Vahanvati, has reportedly differed and his opinion forms the basis of the CBI's case against both the companies.
The telecom scam is being tried by Judge OP Saini in Delhi. The CBI's investigation is being monitored by the Supreme Court.