CBI widens 2G net: How will telcos be impacted?

The Central Bureau of Investigation (CBI) questioned Reliance Communications' chief Anil Ambani in the 2G scam inquiry on Wednesday.

The key issue the agency wanted to ask Anil Ambani was about his company's investment in Swan Telecom. Earlier, the promoter of Swan Telecom, Shahid Balwa, was arrested last week and had summoned and questioned his partner Vinod Goenka. The CBI has also questioned Sanjay Chandra of Unitech and top officials of other telecom companies that got 2G spectrum licences. Commenting on the frequent interrogations faced by CEOs of big telcos, well-known corporate tax lawyer HP Ranina said, it shows that the government is keeping up to its promise of making an investigation.