Justice Ajit Bharihoke of the Delhi high court on Monday reserved its order on the bail pleas of five corporate bigwigs, allegedly involved in the 2G spectrum scam case, after the Central Bureau of Investigation’s special public prosecutor U.U. Lalit, along with the counsel for defence concluded their arguments in the case.
After the Patiala House court special CBI judge O.P. Saini had rejected their bail pleas, Unitech Limited’s managing director Sanjay Chandra, Swan Telecom director Vinod Goenka, besides three senior executives of Reliance ADA group, including its managing director Gautam Doshi, president Hari Nair and senior vice-resident Surendra Pipara had moved the Delhi high court for bail.
Opposing the corporate executives’ bail pleas, Mr Lalit argued that the corporate bodies and individuals were direct beneficiaries of the entire spectrum deal and they were allegedly involved in a conspiracy along with the former telecommunications minister A. Raja to obtain benefit from the grant of spectrum licences.
The corporates were part of a conspiracy where huge amount of money was transacted, Mr Lalit said, adding that they had also forged some documents to obtain spectrum in their favour.
Appearing for Sanjay Chandra, noted criminal lawyer Ram Jethmalani had sought bail for him saying there was no chance of his client either absconding or hindering trial.
“Let us assume there is some evidence against me but that is not a sufficient reason for refusal of bail. The evidence should be so overwhelming as to believe that the accused may abscond and frustrate the trial,” Mr Ram Jethmalani said.