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2G scam: ED team leaves for Cyprus to track money trail

A team of investigators has left for Cyprus to track the money trail of alleged kickbacks in connection with the 2G spectrum allocation scam.

July 05, 2011 / 10:59 PM IST
 
 
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A team of investigators has left for Cyprus to track the money trail of alleged kickbacks in connection with the 2G spectrum allocation scam.


The investigators, drawn from the Enforcement Directorate, are looking for alleged investments and links related to Unitech, an accused in the 2G scam.


A few other financial transactions related to other entities will also be probed during the visit, official sources said.


During its visit, the ED will look for various entities that routed money using the country's financial channels violating forex and anti-money laundering laws.

The visit comes in the backdrop of the return of a joint team of CBI and ED officials from Mauritius, UK, tax havens of British Virgin Islands and Isle of Man, recently after they collected information and evidences relating to companies under the scanner.

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