Monday, 24 October 2011
Reliance Communications challenges 2G ruling
Reliance Communications, part of billionaire Anil Ambani’s Reliance Group, filed a petition on Monday to overturn a high court ruling against the firm and three of its executives charged with involvement in a multi-billion dollar telecom scam, the company said in a statement.
Delhi high court had previously charged the company, India’s second-largest mobile operator, and the executives, with breaking rules to gain 2G telecom spectrum in 2008, as part of one of country’s biggest corruption scandals said to have cost the state $39 billion in revenue.
Delhi high court had previously charged the company, India’s second-largest mobile operator, and the executives, with breaking rules to gain 2G telecom spectrum in 2008, as part of one of country’s biggest corruption scandals said to have cost the state $39 billion in revenue.
