2G scam: RBI Guv Subbarao in court

Comments print
Agencies: New Delhi, Nov 19 2012, 12:40 IST
RBI Governor D Subbarao today deposed in a Delhi court as a prosecution witness in the 2G scam case, saying he had questioned in 2007 the spectrum fee of around Rs 1,600 crore for pan-India licence.

Subbarao, who was the Finance Secretary from April 2007 to September 2008, is a key witness in the case in which former Telecom Minister A Raja and others are facing trial.

During the recording of his statement, Subbarao told the court he had written a letter on November 22, 2007 to the then Telecom Secretary D S Mathur in which he had questioned the spectrum fee of around Rs 1,600 crore for pan-India licence.

He said that he had also questioned as to how the spectrum fee of Rs 1600 crore, which was fixed in 2001, could be applied in 2007.

"I also questioned how the rate of Rs 1,600 crore, determined in as far as back in 2001, could be applied for licences given in 2007...," he told Special CBI Judge O P Saini.

CBI prosecutor A K Singh also showed various files and notes of various departments concerned, including that of Department of Telecom and Ministry of Finance, to Subbarao during the recording of his statement which is likely to continue throughout the day.

Till November 11, the court had recorded statements of 77 CBI witnesses in the case in which Raja is the key accused.

Besides Raja, DMK MP Kanimozhi, former Telecom Secretary Siddharth Behura, Raja's erstwhile private secretary R K Chandolia, Swan Telecom promoters Shahid Usman Balwa

... contd.

Ads by Google
   1 | 2 | Next
Previous Story  China to halt regular state soy sales from this week Next Story  Australia's Billabong says director weighs LBO, shares jump
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below