CBI is manufacturing evidence against me: Sanjay Chandra

Unitech Wireless Managing Director Sanjay Chandra, one of the 17 accused in 2G spectrum allocation scam, today told the Supreme Court that he has not done any wrong and CBI is trying to "manufacture" evidence to implicate him in the case.

Questioning the CBI probe, senior advocate Ram Jethmalani, appearing for Chandra, said the investigating agency has not conducted a proper inquiry and it is trying to mislead the court by saying that the company had off-loaded shares soon after getting the licences.

"It is not an investigating agency comprising angles. They work under someone who does not want proper investigation to be conducted in the case," Jethmalani told a bench of Justices G S Singhvi and H L Dattu.

"They are so desperate that they are manufacturing evidence against me," he further said adding "the company has not sold any equity to anyone for profit. We invited foreign companies and gave them additional shares but did not sell our own shares".

"This is legitimate capitalism and making profit is not an offence," he said while referring to the government policy of allowing foreign companies to invest telecom sector in the country.

The bench, after hearing his contention, adjourned the matter for September 5.

The court was hearing appeals filed by Sanjay Chandra and Swan Telecom's Director Vinod Goenka challenging Delhi High Court's verdict which had refused to grant them bail in the case.