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Balwa drags Pranab, PM into the 2G case

Balwa drags Pranab, PM into the 2G case

Author: CNN-IBN
Publication: IBNLive.com
Date: August 1, 2011
URL: http://ibnlive.in.com/news/2g-balwa-slams-cag-report-calls-it-exaggerated/171978-3.html

After slamming the Comptroller and Auditor General (CAG) report during his deposition on Monday, DB Realty promoter and 2G accused Shahid Balwa dragged in the then external affairs minister Pranab Mukherjee and then solicitor general GE Vahanvati on the telecom policy.

Balwa claimed the duo was aware of the telecom policy and knew everything.

He also said that the Prime Minister had endorsed all the decisions and that he was aware of the 2G deal details.

Earlier on Monday, Balwa criticised the CAG report during his deposition on Monday in the 2G spectrum scam, calling the report exaggerated.

Balwa, an accused in the 2G spectrum scam, lambasted the report claiming that the loss cited by the CAG was inflated. The CAG, in a report to Parliament last year, had pegged the presumptive loss to the exchequer on 2G spectrum allocation at Rs 1.76 lakh crore.

He also criticised the CBI for erring by arresting innocent people and said that investigative agencies were under duress from other courts.

Balwa demanded to know why the CBI did not write a single letter to the finance or the telecom ministry on the substantive loss to the exchequer. He also ruled out conspiring with Unitech as it was a competitor.

Balwa was arrested on February 8, and faced charges of cheating, forgery, corruption and criminal conspiracy.

The CBI had, in its second chargesheet in the 2G case, alleged that Shahid Balwa along with Vinod Goenka, MD of DB Realty and Swan Telecom, channelled Rs 200 crore to DMK family-run Kalaignar TV, through Kusegaon Realty.


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