New Delhi: Former telecom minister A Raja and DB Realty Managing Director Shahid Usman Balwa have been sent to four more days of Central Bureau of Investigation (CBI) custody. Raja and Balwa were produced before Special CBI Judge OP Saini in New Delhi on Thursday in connection with the 2G spectrum scam case.
The investigating agency had asked for four days of custody of both Raja and Balwa.
Balwa is suspected of investing in various front companies on behalf of Raja. He has been charged with criminal misconduct and criminal conspiracy in the 2G spectrum scam case.
DB Realty and Etisalat had taken over Swan Telecom, one of the companies that got the 2G licence by allegedly presenting pre-dated drafts when Raja suddenly changed the criteria of granting license.
Licences were issued to Swan for 13 circles at nominal rates for which the company paid Rs 1537 crore. Swan sold 45 per cent stake before roll-out to Etisalat for Rs 4200 crore.
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