In continuation of the 2G spectrum issue, the Supreme Court has issued notices to the Central Bureau of Investigation (CBI) and the Centre For public Interest Litigation, pertaining to Essar Teleholdings and Loop Telecom.
Both the companies have been indicted in the case. Prior to this, the companies had informed the Delhi High Court that they have taken their case to the Supreme Court.
Both companies wanted to move their case on grounds that they have not been charged under the Prevention of Corruption Act.
Prior to this, the CBI had filed a third chargesheet in the 2G case against both companies? promoters for criminal conspiracy and cheating. However, these companies were not booked under the Prevention of Corruption Act.
The new chargesheet alleged that the Essar Group used Loop as a front company to acquire telecom licences in 2008. Essar, which already had a 33 percent stake in Vodafone, held substantial equity in Loop and thus violated telecom licence norms.
The three companies named in the third chargesheet included Essar Teleholdings, Loop Telecom and Loop Mobile India, while the five individuals are the Essar Group’s Anshuman Ruia, Ravikant Ruia and Vikas Saraf, and the promoters of Loop, Ishwari Prasad Khaitan and Kiran Khaitan.
