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  • Essar-Loop case: 2G court to hear final arguments on Nov 17

    CBI had chargesheeted the accused on December 12, 2011, alleging they had cheated the DoT by using Loop Telecom as a "front" to secure 2G licences in 2008.

  • Essar-Loop case: Special court dismisses Ravi Ruia's plea

    The court rejected Ruia's application in which he had sought modification of the bail condition regarding surrender of his passport.

  • Essar, Ruias violated 2G auction norms:CBI to Special Court

    Advancing the ongoing final arguments in the case, Special public prosecutor Anand Grover said that people may have nominal role in a firm but the question is who exercises the direct control or who have "significant influence" in the policy-making of a company.

  • Loop Telecom was 'front company' for Essar: CBI to court

    Advancing the ongoing final arguments in the case, Special public prosecutor Anand Grover said that violation of clause 8 of UASL guidelines by the accused firms was a crucial factor.

  • Essar created corporate veil to hide holdings in Loop: CBI

    CBI on Thursday alleged before a special court that Essar Group of companies had created a “corporate veil” through a web of firms to “conceal” its actual holding in Loop Telecom Ltd (LTL) to “circumvent” the guidelines of Unified Access Services Licences (UASL).

  • Essar Group used Loop Telecom to acquire 2G licences: CBI

    Advancing the final arguments in a case arising out of its probe into the 2G scam, the agency said the evidence brought on record showed that Loop Telecom was "controlled" by the Essar Group of companies.

  • Loop Telecom latest casualty of 2G scam: Report

    Loop Telecom will close down its operations and seek a Rs 3,800 crore refund from the government, the Mint newspaper reported on Tuesday, in the latest corporate fallout from a multi-billion dollar corruption scandal.

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