After CBI court summons in 2G scam case, Bharti Airtel's Sunil Mittal gets SingTel clean chit
2G spectrum scam: Singapore based telecom firm SingTel, which holds over 30 per cent stake in Bharti Airtel, today said it has full faith in the company's corporate governance standards under the leadership of company's chairman Sunil Bharti Mittal.
Based on the CBI charge sheet, a Delhi court yesterday summoned as accused Mittal, Essar Group promoter Ravi Ruia and five others in a case relating to alleged irregularities in allocation of additional spectrum to Airtel and Vodafone during the NDA regime in 2002.
"We are confident that Bharti Airtel and Mr Mittal have always upheld and practised the highest standards of corporate governance in all aspects of the company's operations, including the acquisition of spectrum. We trust that due legal process in India will prevail and are confident that Bharti Airtel Ltd. and Mr Mittal will be vindicated before the courts," SingTel said in a statement.
It added that the court summons are in relation to additional spectrum awarded in 2002 - 2003 as per the policy of the Indian Government.
Though Mittal's name was not mentioned in CBI's charge sheet as an accused, the court in its order said it was taking cognisance of the case and issuing summons to all the seven accused, including him, for April 11.
Mittal was "prima facie" in "control of affairs" of his company Bharti Cellular Ltd (now Bharti Airtel) which was charged by the CBI, the court had said.
Bharti Airtel has charged CBI with attempting to tarnish its reputation while Essar Group said it will take appropriate
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