New Delhi:
The Delhi High Court has finally granted bail to the five corporate executives - Unitech chief Sanjay Chandra, DB Realty founder Vinod Goenka and three senior executives of Anil Ambani controlled ADAG - Gautam Doshi, Hari Nair and Surendra Pipara - who have been in Tihar Jail for over two weeks in connection with the 2G scam.
The five corporate executives who were sent to 14-day judicial custody had approached the Delhi High Court after a special court hearing the high-profile 2G spectrum scam rejected bail applications, terming their pleas "meritless" in the face of 'serious allegations' and 'incriminating evidence' in a chargesheet filed by the CBI.
They then moved an application seeking interim bail for one week so that they could move High Court against the order, but the court rejected that plea too.
CBI chargesSanjay Chandra the MD of Unitech Wireless and Vinod Goenka of Swan Telecom are accused of conspiring with former Telecom Minister A Raja to get licenses and spectrum for mobile networks at throwaway prices.
Chandra has been chargesheeted for cheating and conspiracy. The CBI believes that he came up with a plan which centred on Raja abruptly advancing the deadlines for applications for licenses by a week. Companies like Unitech allegedly benefited from this and jumped to the head of the queue.
The Telenor Group, which holds a 67.25 per cent ownership share in Unitech Wireless, has asked Sanjay Chandra to step down as the company's chairman.