Reliance Telecom and officials chargesheeted in 2G scam

In a blow to corporate house Reliance Anil Dhirubhai Ambani Group (ADAG), CBI today chargesheeted one of its firms and its three top officials for their complicity in 2G spectrum allocation scam case.

In the chargesheet filed in the special court, the agency said the Reliance Telecom Ltd (RTL) used Swan Telecom, an ineligible firm, as its front company to get licenses and the costly radio waves.

"Swan, at the time of application, was an associate of RTL. Investigations have also disclosed that Tiger Trader Pvt Ltd, which held maturity stake in Swan Telecom Pvt Ltd, was also an associate company of Reliance ADA Group.

Both the compnaies had no business history and were activated solely for the purpose of applying for UAS licences in 13 telecom circles," the first chargesheet in the case said.