New Delhi: The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
"We are thankful to the court for the judgement as it vindicates our stated position and the court has appreciated it," an Essar spokesperson said in a statement.
Besides Ruias, the court also acquitted Vikash Saraf, one of the Essar Group Directors, Loop Telecom Promoters IP Khaitan and Kiran Khaitan, three companies -- Loop Telecom Ltd, Loop Mobile (India) Ltd and Essar Teleholdings Ltd.
While the court had earlier charged them with the offence under section 120 B (criminal conspiracy) read with section 420 (cheating) of IPC, substantial charge of cheating was made out against Saraf.
The CBI had named them in its charge sheet on December 12, 2011, alleging they had cheated the Department of Telecommunication by using Loop Telecom as a "front" to secure 2G licences in 2008.
"We are thankful to the court for the judgement as it vindicates our stated position and the court has appreciated it," an Essar spokesperson said in a statement.
Besides Ruias, the court also acquitted Vikash Saraf, one of the Essar Group Directors, Loop Telecom Promoters IP Khaitan and Kiran Khaitan, three companies -- Loop Telecom Ltd, Loop Mobile (India) Ltd and Essar Teleholdings Ltd.
The CBI had named them in its charge sheet on December 12, 2011, alleging they had cheated the Department of Telecommunication by using Loop Telecom as a "front" to secure 2G licences in 2008.
Advertisement
COMMENTS
Advertisement
Essar Announces $3.6 Billion Investment In Low Carbon Projects In India, UK Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early On Agencies Plea, Delhi High Court Allows Early Hearing In 2G Case 150 mg Semen In Kolkata Doctor's Body, Suspect Gang-Rape: Parents To Court Independence Day Updates: "Jal Jeevan Mission Has Reached 15 Crore Beneficiaries", Says PM Modi Vandalism At Kolkata Hospital Where Doctor Was Raped, Tear Gas Fired "Working To Reduce Government Interference In People's Lives": PM Modi "Natural Disasters Increasing Concerns": PM Modi On Independence Day "We Have Brought New Criminal Laws To Ensure Justice For All": PM Modi Track Latest News Live on NDTV.com and get news updates from India and around the world.