Wednesday, March 2, 2011

Chairman of Tata real estate group questioned in 2G scam case

Keeping up the heat on the 2G spectrum allocation scam CBI grilled two top officials of Tata real estate group namely R Krishna Kumar the Chairman of the group and Sanjay G Ubale the Chief Executive Officer. Mr. Kumar and Mr. Ubale who arrived at the CBI headquarters were questioned by CBI sleuths on the basis of an allegation that a loan amount of Rs 1,600 crore was provided to Unitech for the purpose of procuring 2G spectrum.

CBI had questioned Ubale once earlier and this is the second time that he has been summoned by the investigative agency. The questioning is based on the alleged link up of the group with Unitech. The CBI had filed an FIR on October 21, 2009 in which it had mentioned about Unitech as an alleged beneficiary of the infamous 2G spectrum allocation scam. Mr. Sanjay Chandra of Unitech (a company which received the 2G spectrum license) was also questioned earlier by the CBI on charges of offloading of majority stake to Telenor, a Norway based company. The probe by CBI seeks to ascertain the truth behind the alleged Rs 1,600 crore pay off to Unitech by Tata Real Estate for a certain land deal. The Tata group is alleged to have paid the amount in 2007 when Unitech was applying for 2G license.

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