Reliance ADAG chairman Anil Ambani, who has been summoned to depose as prosecution witness in the 2G scam case, has told the Central Bureau of Investigation (CBI) that he has lost his prestige in the trial.
Ambani has also told the probe agency that the Tatas had funded Unitech's applications and fees for grant of 2G spectrum licences during the tenure of former telecom minister A Raja.
In a statement given to the CBI on February 16, 2011, Ambani said that he does not admit that Swan Telecom Pvt Ltd, facing trial in the case along with its promoters, was a Reliance ADAG company and that he has lost his prestige in the entire saga. "I would like to state that in this entire process, I have not gained any-thing, and on the contrary, I have lost my prestige/image. I am a net loser since 2008. Market capitalisation of Reliance Communications has come down drastically," Ambani said.
Ambani's statement was placed before the court on Mon-day. The CBI in its charge sheet had alleged that RADAG's firm Reliance Telecom Ltd (RTL) had used Swan Telecom, an inel-igible firm, as its front company to get licences and the costly radio waves. Three top execu-tives of Reliance ADAG are fac-ing trial in the case along with others. Ambani refuted CBI's claims that Swan Telecom was owned by Reliance ADAG. "Regarding the whole of above issues, I state that I did not own this company-M/s Swan Tele-com Pvt Ltd," he said.
Courtesy: Mail Today