Essar's Ravi Ruia, Loop execs get bail in 2G case

A special court on Friday granted bail to five corporate executives, including billionaire Ravi Ruia of the Essar conglomerate, charged in a case as part of a probe into a massive telecoms licensing scandal that has drawn in tycoons and a former minister.

The court in New Delhi, which is hearing the case over alleged rigging in the grant of second-generation radio airwaves to carriers in a 2008 state sale, allowed bail pleas of Ruia, his nephew, and a senior Essar group executive.

The court also granted bail to two of the owners of mobile carrier Loop Telecom.