Trail into 2G scam cash hits dead end as CBI finds no support in Swiss authorities

Top Central Bureau of Investigation (CBI) sources have confirmed to MAIL TODAY that the key money trail connected to the 2G scam has hit a dead end because Swiss authorities are not cooperating with the investing agency.

The money trail amounts to Rs 700 crore.

Top CBI sources have confirmed that letter rogatory was sent to Switzerland last June but the Swiss authorities have not taken any action.

Sources confirmed that Indian investigating agencies were able to get details of the quantum of the money immediately from Mauritius.

Subsequently, the investigative agencies learnt in Mauritius that the money went to Switzerland. And for the last one year, the trail has hit a dead end despite CBI learning from unofficial sources that the money was moved to British Virgin Islands from Switzerland.

The irony is that despite knowing that the money was transferred from Switzerland, CBI cannot move British Virgin Islands till they receive a legal reply from the Swiss authorities.

CBI sources confirmed that they are encountering layers after layers concealing the foot print of the money and on top of it, Swiss authorities have not cooperated.

The legal implication of this inertia on part of the Swiss authorities is immense. It has the potential to impact the case in multiple ways.

Foremost, the government will never come to know as to who were the real beneficiaries of the 2G scam money. Sources say the investigating agency has exhausted all the means available to it.

Chances are that like many previous cases of corruption with international banks involved people will never come to know who manipulated the system to milk it to their advantage.

Courtesy: Mail Today