New Delhi: The Supreme Court will on Friday hear the bail pleas of three jailed corporate executives of Reliance ADAG arrested in connection with 2G spectrum allocation scam.
The bail petitions of ADAG Group MD Gautam Doshi, President Surendra Pipara and Senior Vice President Hari Nair are listed for hearing before a bench headed by Justice GS Singhvi.
The trio have challenged the rejection of their bail plea by the Delhi High Court which had on May 23 said "the gravity of the offence itself is sufficient to deny bail". They are in jail since April 20.
Their bail applications are coming up for hearing a day after all the 17 accused completed their arguments opposing the framing of charges against them in a trial court.
CBI had in its first charge sheet filed on April 2 specified the role of Reliance Telecom Ltd (RTL) and its three top officials for their "complicity" in 2G spectrum allocation scam case.
Doshi, Pipara and Nair, along with the company, have been chargesheeted for entering into a criminal conspiracy to cheat the government by getting licenses in an illegal manner.
The agency had alleged RTL used Swan Telecom, an ineligible firm, as its front company to get licenses and the costly radio waves.
"Swan, at the time of application, was an associate of RTL. Investigations have also disclosed that Tiger Trader Pvt Ltd, which held maturity stake in Swan telecom Pvt Ltd, was also an associate company of Reliance ADA Group. Both the companies had no business history and were activated solely for the purpose of applying for UAS licences in 13 telecom circles," the first charge sheet in the case said.
"Investigation has revealed that in Jan-Feb 2007 accused Gautam Doshi, Surender Pipara and Hari Nair had, in furtherance of their common intention to cheat the DoT, structured/created net worth of company Swan Telecom Pvt ltd out of funds arranged from Reliance telecom ltd," the agency said.
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