"We had entered into a joint venture with ADAG six years back for two hotels and we were called to the CBI to explain our financial dealings with that company," Amit Sarin, director and CEO of Anant Raj Industries told PTI after he was questioned by the agency
New Delhi: Continuing its probe into the financial dealings of the Anil Dhirubhai Ambani Group (ADAG) in connection with the second generation (2G) spectrum allocation scam, the Central Bureau of Investigation (CBI) on Wednesday questioned a top executive of realty and infrastructure firm for links with the group, reports PTI.
Official sources said the agency yesterday questioned Amit Sarin, director and CEO of Anant Raj Industries.
"We had entered into a joint venture with ADAG six years back for two hotels and we were called to the CBI to explain our financial dealings with that company," Mr Sarin told PTI after he was questioned by the agency. He maintained that his company had no role to play in the 2G scam.
The questioning comes days after the agency told a court here that Reliance had stakes in Swan Telecom which was one of the companies that had bagged the 2G spectrum license. The agency has already done a round of questioning with Mr Ambani recently.
Rejecting the bail pleas of Swan Telecom promoter Shahid Usman Balwa and RK Chandolia, former personal secretary of former telecom minister A Raja, special CBI judge OP Saini had said "Reliance Telecom of the ADAG group of companies had already been granted license in some circles and, as such, Swan Telecom Pvt Ltd, its associate company, was not eligible for license."
The court said Swam Telecom should not have applied for licenses in the first place as it was incorporated by the Reliance group of companies and thus was ineligible.
Meanwhile, the CBI on Wednesday also questioned Sanjeev Agha, CEO of Idea Cellular in connection with the scam.
The Securities and Exchange Commission has proposed a crackdown on hefty compensation awarded at big banks, brokerage firms and hedge funds-a proposal which would for the first time require Wall Street firms to file detailed accounts of their bonuses with the Commission-which could then ban any awards it deemed excessive.