During her examination by the CBI prosecutor, Radia told the court that at the time of grant of licences, dossiers were in circulation which said Swan Telecom Pvt Ltd belonged to Reliance Communications
Appearing in the court for the first time, former corporate lobbyist Niira Radia today said she felt that Swan Telecom Pvt Ltd “was not eligible” to get the 2G spectrum licences as it was said to belong to Reliance ADAG group company Reliance Communications.
Testifying as a prosecution witness in CBI court in the case, she said that during the time of grant of spectrum, there was a very strong public perception that Swan Telecom Pvt Ltd (STPL) was not eligible.
STPL’s promoters Shahid Usman Balwa and Vinod Goenka are facing trial in the case.
“During the time of grant of spectrum, there was a very strong public perception created by the media of eligibility and non-eligibility. Through the public perception and advice of Tata advocates, I came to know that this company (Swan Telecom) was not eligible,” Radia told Special CBI Judge OP Saini.
During her examination-in-chief by the CBI prosecutor, she told the court that at the time of grant of licences, dossiers were in circulation which said Swan Telecom Pvt Ltd belonged to Reliance Communications.
“At that time, there were dossiers in circulation that the company (Swan Telecom) belonged to Reliance Communications, though I do not have any authentic or personal knowledge,” she said.
Radia said her public relations company was advising Tatas on telecom matters and Tata Teleservices (TTSL) had applied for dual technology licences in 2007.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
