2G scam: HC rejects ex-telecom secretary’s bail plea

"Looking into the huge monetary gain caused to Swan Telecom Pvt Ltd and the gravity of the offence, I do not deem it a fit case for admitting the petitioner on bail, particularly when the trial is yet to commence," justice Ajit Bharihoke said

New Delhi: The Delhi High Court on Thursday dismissed the bail plea of former telecom secretary Siddhartha Behura, arrested for his alleged role in the second generation (2G) spectrum scam, reports PTI.

"The bail application is dismissed," justice Ajit Bharihoke said.

"Prima facie involvement of the petitioner (Mr Behura) in the conspiracy to cause undue advantage to Swan Telecom Pvt Ltd is apparent," the court said.

"This gives a glimpse of the quantum of monetary gain caused to Swan Telecom by the petitioner in conspiracy with other public servants," the court said while detailing the entire transaction involving allocation of spectrum licence.

"In view of the above, looking into the huge monetary gain caused to Swan Telecom Pvt Ltd and the gravity of the offence, I do not deem it a fit case for admitting the petitioner on bail, particularly when the trial is yet to commence," the judge said.

The high court had reserved its order on 21st July, after hearing detailed arguments from both sides-the Central Bureau of Investigation (CBI) and the defence-on Mr Behura's bail plea.

A Delhi court had rejected Mr Behura's bail plea on 4th June on the grounds of 'enormity' of allegations and fears that he might influence witnesses.

Challenging the order of the trial court, Mr Behura had moved the Delhi High Court seeking bail.

He had submitted before the court that he was being falsely implicated by the probe agency though he had no role in allotment of spectrum.

Opposing Mr Behura's bail plea, the CBI had alleged that the senior bureaucrat had doctored the list of telecom licence applicants to extend undue benefits to Swan Telecom.

Special public prosecutor UU Lalit, appearing for CBI, had argued, "Mr Behura played an active role in giving licences to Swan Telecom, promoted by Shahid Usman Balwa, despite objections."

The CBI, in its first charge-sheet filed on 2nd April, had named Mr Behura along with others. Charges of cheating, forgery, criminal conspiracy and corruption have been levelled against former telecom minister A Raja, DMK MP Kanimozhi, Mr Behura and others in the case.

At present, all the 14 accused persons are lodged in Tihar Jail.

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Eros International Q1 net profit up 60% at Rs23 crore

Consolidated total income increases to Rs162.24 crore from Rs127.97 crore year-on-year

Eros International Media Ltd has said that its consolidated net profit rose 60.3% to Rs23.33 crore for the quarter ended 30 June 2011 against Rs14.55 crore in the corresponding quarter last year.

The company's consolidated total income increases 26.8% to Rs162.24 crore from Rs127.97 crore year-on-year. In Q1 FY12, Eros International successfully released a total of 19 films across languages and genres.

In the late afternoon, Eros shares were trading at around Rs205.30 on the Bombay Stock Exchange, 0.34% up from the previous close.

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