Archive for the ‘National’ Category

Supreme Court Grants bail to 2G Scam accused Corporates

Wednesday, November 23rd, 2011

The Supreme Court today granted bail to the five company executives charged in the 2G Scam. Sanjay Chandra(Unitech), Vinod Goenka(DB Realty), Guatam Doshi(Reliance), Surendra Pipara(Reliance) Hari Nair(Reliance) were granted conditional bail by the court. All were charged with criminal conspiracty, cheating, etc. All the accused have been asked to furnish a bail bond of Rs 5,00,000 and 2 sureties each.

Noticing the move by Supreme Court A.Raja’s lawyer said that if five can get bail, then all the 14 accused should also be entitled to bail.

Share price of Unitech Wirless,  Reliance Communications  & DB Realty shot up after the news.

    Search