New Delhi: The four-day extended CBI custody of former Telecom Minister, A Raja ends today along with the custody of DB Realty Managing Director and promoter of Swan Telecom Ltd. Shahid Balwa. (Read: Who is Shahid Balwa?)
Raja, the former Telecom Minister, who is accused of selling spectrum at throwaway prices to companies in 2008 when they applied for mobile network licenses, was produced in court for the first time in Mumbai on Tuesday.
Sources have told NDTV that the CBI is likely to seek an extension.
The two were made to face each other and answer questions relating to the grant of licence and undue favours extended to the company during 2008.
Swan Telecom was allegedly one of the two major beneficiaries of Mr Raja's spectrum largesse when he was the Telecom Minister. Swan was granted a license for a little over Rs 1500 crores and subsequently sold stake to Etisalat, a Dubai-based firm for nearly Rs 4,200 crores.
Raja, the former Telecom Minister, who is accused of selling spectrum at throwaway prices to companies in 2008 when they applied for mobile network licenses, was produced in court for the first time in Mumbai on Tuesday.
Sources have told NDTV that the CBI is likely to seek an extension.
The two were made to face each other and answer questions relating to the grant of licence and undue favours extended to the company during 2008.
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Swan Telecom was allegedly one of the two major beneficiaries of Mr Raja's spectrum largesse when he was the Telecom Minister. Swan was granted a license for a little over Rs 1500 crores and subsequently sold stake to Etisalat, a Dubai-based firm for nearly Rs 4,200 crores.
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