The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) plan to re-visit the British Virgin Islands, in continuation of the 2G spectrum case.
According to news reports, these agencies are looking to obtain more information pertaining to the companies indicted in the 2G case, which registered there.
This is the second time the place has come under the scanner. Prior to this, a joint team of the ED and the CBI, which travelled there, allegedly found that the financial details and returns of the firms under scrutiny were not available with the concerned authorities.
Apart from the British Virgin Islands, the UK, Isle of Man, Singapore and Cyprus are also under the agencies? scanner in this context.
This pertains to the financial aspect of the 2G spectrum case. This began with the ED filing a money laundering case against a few of the firms indicted in the case.
This was on grounds that the firms had created multiple subsidiaries in the country and had routed their investments in 2G spectrum via the same.
