2G scam: CBI arrests Shahid Balwa brother

New Delhi: Intensifying its probe into the 2G spectrum allocation scam, the Central Bureau of Investigation (CBI) on Tuesday arrested two persons including Asif Balwa, the brother of DB Reality and Swan Telecom promoter Shahid Usman Balwa – a co-accused in the case. This is the fifth arrest in connection with the 2G spectrum scam. […]

Odishatv Bureau
  • Published: Tuesday, 29 March 2011
  • Last updated: 29 March 2011, 12:46 PM IST

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New Delhi: Intensifying its probe into the 2G spectrum allocation scam, the Central Bureau of Investigation (CBI) on Tuesday arrested two persons including Asif Balwa, the brother of DB Reality and Swan Telecom promoter Shahid Usman Balwa – a co-accused in the case.

This is the fifth arrest in connection with the 2G spectrum scam.

Shahid Balwa was arrested in February 8 by the CBI for his alleged involvement in the 2G spectrum scam. He is currently lodged in the Tihar jail of Delhi.

The supposed chief architect of the spectrum scam former telecom minister A Raja was also arrested prior to Balwa and is locked in the same jail.

Swan Telecom is believed to be one of the beneficiaries in the spectrum allotted during A Raja’s tenure.

The matter came to light after the Comptroller and Auditor-General (CAG) of India exposed serious irregularities in the allocation of 2G spectrum.

Though experts are still working on the actual figures, it is estimated that the 2G spectrum scam has caused losses to the tune of Rs 1.76 lakh crore to the national exchequer. It is dubbed as country`s biggest corruption scandal till date.

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