CBI probes own prosecutor in 2G case; Unitech plunges 18 percent

Tue Feb 12, 2013 7:28pm IST

1 of 2. The sun rises behind a communications tower in New Delhi March 20, 2006.

Credit: Reuters/B Mathur/Files

Related Topics

Stocks

   

REUTERS - The Central Bureau of Investigation (CBI) said it is looking into whether a prosecutor for the agency discussed a probe into alleged corruption in the allocation of mobile phone airwaves five years ago with one of the people being investigated.

Shares in Unitech(UNTE.NS) slumped more than 20 percent after reports on CNN-IBN and in the Times of India that CBI senior prosecutor A.K. Singh is suspected to have discussed the case with Unitech Managing Director Sanjay Chandra in a recorded conversation, reports Unitech strongly denied. The shares ended down nearly 18 percent.

CBI spokeswoman Dharini Mishra told Reuters that Singh was under internal investigation after the agency received a compact disc from an anonymous source on February 6. She said the CBI was investigating the authenticity of the recording.

Unitech is a real estate developer that had a mobile phone joint venture with Norway's Telenor that was among those whose licences were revoked by a court following the high profile licensing scandal.

Telenor is in the process of dissolving the joint venture.

The two media reports said the recording was suspected to be of Singh coaching Chandra about how to deal with CBI investigators probing irregularities in the allocation of 2G airwaves.

Unitech issued a statement calling the recording fabricated.

"He (Chandra) wishes to make it absolutely clear that he has never met the prosecutor in the 2G case outside of Court or had any phone conversation with him," Unitech said.

"He denies the suggestion that his voice is on any alleged recording. It appears a fabricated voice recording has been sent anonymously to the CBI. Any suggestion that Sanjay Chandra is linked with this recording is nothing but an attempt to malign him and prejudice his defence in the 2G case."

(Reporting by Rafael Nam, Aditi Shah, Devidutta Tripathy and Satarupa Bhttacharjya; Editing by Tony Munroe)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Pharma

REUTERS SHOWCASE

Modi's U.S. Trip

Modi's U.S. Trip

PM Modi to get rock star reception in New York.  Full Article 

Northeast Floods

Northeast Floods

Landslides and floods kill 22 in northeast India.  Full Article 

Food Subsidy

Food Subsidy

Ram Vilas Paswan says no plans to raise food handouts.  Full Article 

New Plants

New Plants

Canadian auto parts maker Magna to open two new plants in Gujarat.  Full Article 

Importing Iron Ore

Importing Iron Ore

JSW Steel to import 10 mln T of iron ore due to local shortage.  Full Article 

Breaking Up

Breaking Up

Philips to split off lighting business, form separate company.  Full Article 

End of Monsoon

End of Monsoon

Monsoon starts withdrawing from northwest region.  Full Article 

Border Row

Border Row

Chinese and Indian troops in Himalayan standoff.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage