CBI reportedly sought some clarification on certain documents relating to Swan Telecom from Anil Ambani, who is ADAG Chiarman and Reliance Infocomm Chief.
Reliance Infocomm had 9.9 per cent equity in Swan Telecom before Swan applied for new licence for 2G spectrum. Swan Telecom was promoted by DB Realty group headed by Shahid Usman Balwa, who is at present in CBI custody. The CBI is probing the financial trail between Swan Telecom and DMK owned Kalaignar television.
However, an ADAG statement said neither Relinace Telecom nor RCOM nor any Reliance ADA Group individual, company or affiliate held even a single share in Swan Telecom Ltd at the time of grant of the 2G licence to them in January, 2008, or at any time thereafter.
The ADAG statement said neither Reliance Telecom, nor RCOM, nor has any ADAG individual, company or affiliate obtained any monetary gain or other benefit, directly or indirectly, from the grant of 2G licence to Swan. The group also said it did not have any connection with any of the 13 licenses issued, or spectrum granted.
