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2G scam: "I do not recall," says Anil Ambani

Aug 22 2013, 20:52 IST
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Anil Ambani's company Reliance Telecom Ltd and three of his group executives are accused in the case. Reuters Anil Ambani's company Reliance Telecom Ltd and three of his group executives are accused in the case. Reuters
SummaryAnil Ambani's company Reliance Telecom Ltd and three of his group executives are accused in the case.

told Ambani. At another point, the judge observed "This is an advice to you. It can go against you also that you don't know even the names of your companies. So be careful."

Further he did not "recall" if Reliance Telecom Ltd (RTL), an accused firm, had made an investment in STPL, also facing trial in the case along with its promoters Shahid Usman Balwa and Vinod Goenka.

"It is wrong to suggest that STPL was a shelf company of my group. It is wrong to suggest that it was in my knowledge that STPL had applied for UAS Licence for J&K service area in 2007. I cannot recall if RTL had made an investment to the extent of 9.9 per cent in equity shares in STPL," Ambani told the court.

During his cross examination by CBI prosecutor K K Goel, Ambani said although he was examined by CBI during the probe he does not know if his statement was recorded.

"I was examined by CBI. However, I do not know if any statement of mine was recorded or not," he said when he was asked about his statement given to the agency under section 161 (examination before police officer) of the CrPC.

"I remained present in the CBI office for many hours and I do not recall any statement being recorded and there were a number of people present during my presence," he said.

He also denied suggestions of the prosecutor that it was in his knowledge that the structure of STPL was created in such a way so that its "real ownership" is not known.

"It is wrong to suggest that it was in my knowledge that the structure of STPL be created in such a manner that its real ownership should not be known. It is wrong to suggest that I am not disclosing the true facts to this court in order to save the accused from legal punishment," Ambani said.

He also said he does not have the knowledge about various firms -- AAA Consultancy Services (P) Limited, ADAE Ventures (P) Limited, Parrot Consultants (P) Limited, Tiger Traders (P) Limited, Zebra Consultants (P) Limited, Swan Telecom (P) Limited and Swan Consultants (P) Limited -- which were alleged to be the associate companies of Reliance ADAG.

"It is wrong to suggest that all the decisions regarding these companies, as shown to me today in the court, were

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