AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

NEW DELHI: India's former telecom minister A. Raja was expected in court on Thursday after being arrested in one of India's biggest ever corruption probes, police said.

Raja, who maintains his innocence, was formally arrested by officers from the Central Bureau of Investigation on Wednesday as part of a probe into the graft-tainted sale of second-generation (2G) telecom licences in 2008.

Police are expected to ask the court in central New Delhi to grant them the right to keep Raja -- and two other senior officials arrested with him -- in custody to enable further interrogation.

Raja, a low-caste politician from a regional party in south India, was forced out of government in November as public outrage mounted over the 2008 sale of the licences at knock-down prices.

The licences were sold on a first-come, first-served basis instead of via an auction and the ministry is suspected of changing the rules to favour certain companies, many of which were ineligible to bid.

A study by the auditor, the Comptroller and Auditor General, found that losses from the cut-price sales could have cost the national treasury up to $40 billion, though this figure is disputed by the government.

It is rare for a senior political figure who left the government just 10 weeks ago to be arrested and the move reflects the pressure on the government to act in a case that has been front-page news for months.

The so-called 2G scandal has engulfed India's Congress Party-led coalition government and Prime Minister Manmohan Singh, causing some of the strongest political headwinds since they came to power six years ago.

 

Copyright APP (Associated Press of Pakistan), 2011

Comments

Comments are closed.