Db Realty

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  2G Case Verdict: Unitech, RCom, Sun TV Shares Jump As CBI Court Acquits All Accused

  After 2G Case judgement, Unitech shares surged 11.86%, D B Realty closed higher by 19.89 per cent, RCom shares rose 4 per cent, while Sun TV rose 4.51%

• 2G Scam Accused, Top Builders Named in FIR in Pune Land Scam Case

  Prominent builders and businessmen have been named in an FIR filed by Pune police in connection to a massive land scam allegedly worth hundreds of crores. Among those named in the FIR are 2G case accused Vinod Goenka and Shahid Balwa of DB Realty and builder Atul Chordia of the Panchshil Realty Group.

• 2G case: Supreme Court exempts Karunanidhi's wife from personal appearances as witness

  The Supreme Court today refused to exempt DMK chief M Karunanidhi's wife Dayalu Ammal from deposing as a witness in the 2G scam case. However, the court exempted her from personal appearance in trial court and directed that she be examined by a commission in Chennai.

• 2G case: Karunanidhi's wife to appear as witness on July 8

  Former Tamil Nadu Chief Minister M Karunanidhi's wife Dayalu Ammal will have to appear as a prosecution witness in the 2G spectrum allocation case, a Delhi court said today.

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  Shahid Balwa: I am being singled out

  A Mumbai court has granted two-day transit remand of DB Realty promoter Shahid Balwa to the Central Bureau of Investigation (CBI) in connection with the 2G spectrum scam. (Read: Who is Shahid Balwa?)Balwa cried foul in court over being singled...

• Attach DB Realty's properties, says CBI

  The Central Bureau of Investigation (CBI) has asked Enforcement Directorate (ED) to attach properties of 2G accused Shahid Balwa's company DB realty. The 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, thro...

• 2G scam: Bail plea hearing of corporate honchos deferred till Wednesday

  The Delhi High Court has deferred till Wednesday the bail plea hearing of five corporate executives who are in jail in connection with the 2G case. The corporates, Unitech chief Sanjay Chandra, DB Realty founder Vinod Goenka and three senior executives of Anil Ambani controlled ADAG, have been in Tihar Jail for over two weeks now.The five corporate...

• 2G scam: Bail plea hearing of corporate honchos adjourned till Friday

  The special court hearing the 2G spectrum case today adjourned till Friday the hearing of the bail pleas of corporate executives, Unitech chief Sanjay Chandra, DB Realty founder Vinod Goenka and three senior executives of Anil Ambani controlled ADAG.The five corporate executives who were sent to 14-day judicial custody had approached the Delhi High...

• 2G scam: 5 senior executives could be arrested

  Four of nine people chargesheeted for India's biggest ever scam are in jail. They include former Telecom Minister A Raja, who was allegedly the fulcrum of a conspiracy that included some of the country's biggest companies. Now, the other five people accused by the CBI of a scam worth at least 30,000 crores could join Mr Raja.In 2008, Mr Raja provid...

• 2G scam: CBI opposes bail plea of corporate honchos

  The Central Bureau of Investigation (CBI) today opposed the bail plea of five corporate honchos who appeared as accused after being named in the chargesheet in the 2G spectrum scam case in a Delhi court saying that from being "suspects" they have become "accused"."The status of a person changes in law after filing of the chargesheet. They are not e...

• 2G scam: Congress leader's son paid Rs 4 cr by Balwa company

  After its promoter Shahid Balwa was arrested in connection with the 2G spectrum scam, another scandal has hit telecom and real estate company DB Realty. According to documents available with an RTI activist, Dynamix, a subsidiary of DB Realty paid Rs 4 crore to Mumbai Regional Congress Committee chief Kripashankar Singh's son, Narendramohan Singh.T...

• AIADMK chief Jayalalithaa's statement

  In Tamil Nadu, AIADMK chief Jayalalithaa claims to have established how a kickback of Rs 200 crore was paid to the DMK in return for favours delivered by DMK leader A Raja when he was Telecom Minister.  Here's the full text of her statement: Tamil Nadu's Chief Minister M Karunanidhi deserves to be complimented for one thing at least. When it c...

• DMK channel Kalaignar says it has no link to 2G money trail

  The investigation into the 2G scam seems to be snaking its way to the front door of the DMK. The CBI is connecting the dots between former Telecom Minister A Raja and the companies he allegedly colluded with; the dotted line seems to suggest that the kickbacks paid to Mr Raja were routed into a TV channel owned by the first family of the DMK. The c...

• Who is Shahid Balwa?

  Last year he was on the Forbes list of India's 100 richest people. His estimated net worth at the time, of US $1 billion, got him there - the youngest billionaire on the list. Today, Shahid Balwa is a trending topic on the Web. His alleged involvement in the 2G scam got him there. Balwa's DB Realty had floated Swan Telecom which former Telecom Mini...

• Shahid Balwa arrested in 2G scam case

  Shahid Balwa, the promoter of DB Realty, which floated Swan Telecom, has been arrested by Mumbai CBI in connection with 2G scam. (Read: Who is Shahid Balwa?)Balwa was arrested from his house in Mumbai.According to sources, he is likely to be brought to Delhi in connection with the probe and will be confronted with A Raja, the former Telecom Ministe...