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2G scam: Shahid Balwa quits as DB Realty boss

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  • Published On: March 07, 2011
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DB Realty's Managing Director Shahid Balwa has resigned from the company’s board. Balwa was recently arrested for his links with the 2G scam and he is still under judicial custody in Tihar jail. Company sources say they hope this will revive confidence in the company which has shed more than 70 per cent of its value in the stock market in one year.
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