CBI summons Unitech MD Sanjay Chandra as part of 2G probe
Unitech MD Sanjay Chandra has been summoned by the CBI in connection with 2G scam, TV reports have claimed.
After the arrest of Swan telecom promoter Shahid Balwa a few weeks ago, the focus of the agency shifted to Unitech - who earned a quick profit of nearly 267 per cent by off-loading 60 per cent of shares after getting spectrum in 2007-08.
The charges against Unitech, according to the CBI's Fir, was that it offloaded 60 per cent of its shares to telenor, a Norway-based telecom company and earned a profit of 267 per cent even before the roll out.
"M/s Unitech was alloted UAS licences for 22 cricles for Rs 1658 crore. It offloaded its 60 per cent of shares in the licences to telenor of Norway for Rs 6100 crore even before the roll-out," the Fir had said.
According to the Fir, "the estimated loss to the governemnt by grant of licences to these two companies (Swan and Unitech) alone comes to Rs 7,105 crore. On pro-rata basis, the estimated loss for all the 122 circles is more than Rs 22,000 crore."
Swan was alloted UAS licences for 13 circles for Rs 1537 crore and it sold 45 per cent of shares before roll-out to UAE-based Etislat for Rs 4200 crore, the FIR added.
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