New Delhi, Nov 23 (ANI): The Supreme Court on Wednesday granted bail to five corporate executives, who were arrested for their alleged involvement in the 2G spectrum fraud case.
The executives - Unitech Wireless' former MD Sanjay Chandra, Swan Telecom's Director Vinod Goenka and Reliance Anil Dhirubhai Ambani group's executives Hari Nair, Gautam Doshi and Surendra Pipara - had been in jail for over seven months.
On November 1, the apex court had reserved its order on their bail pleas.
The accused, who have been charged under various offences under the Indian Penal Code and Prevention of Corruption Act, contended that they should be granted bail as the charges have already been framed and there is no chance of them tampering with the evidence.
The CBI, which opposed their bail pleas, had earlier said that some of the key witnesses, belonging to the corporate world, directly worked under them and the possibility of the accused winning them over could not be ruled out.
The telecom scam, one of India's biggest graft cases ever, may have cost 39.57 billion dollars in revenue to the public exchequer as per the Comptroller and Auditor General (CAG).
A. Raja was sacked in November last year and later arrested after being charged with giving away telecom licences in 2008 for a pittance, at meagre prices of 2001 in the CAG report. Raja is presently facing trial along with a group of telecom executives and DMK lawmaker Kanimozhi. (ANI)
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