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    <title>Business Recorder - World - Asia</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 01:18:39 +0500</pubDate>
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      <title>Ambani meets investigators</title>
      <link>https://www.brecorder.com/news/3158/ambani-meets-investigators</link>
      <description>&lt;p&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/ambani.jpg" height="269" width="400" /&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;NEW DELHI: Indian police investigators quizzed telecoms tycoon Anil Ambani on Wednesday over a suspected mobile licensing fraud that robbed the government of billions of dollars.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Ambani's Reliance ADA group said the appearance by the billionaire at the Central Bureau of Investigation (CBI) headquarters in New Delhi was voluntary and that he had not been summoned.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Ambani, India's fourth richest man with an estimated worth of $13.7 billion, according to Forbes.com, met CBI officials "to clarify ongoing issues, relating to telecom matters for the years 2001 to 2010," the group said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;There was no immediate comment from the CBI.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Indian television channels showed Ambani, who controls the Reliance ADA Group, leaving the CBI offices surrounded by television crews.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Reliance ADA Group, which includes the country's second-largest second-largest mobile phone company Reliance Communications, has denied any wrongdoing in connection with the second-generation (2G) licensing scandal.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Reliance ADA Group said last weekend that police investigators had questioned several of its officials over alleged irregularities in the awarding of 2008 2G mobile phone licences.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The meeting between CBI officials and Ambani marked the latest development in a probe into the government's sale of the 2G licences at knockdown prices, which has become one of the biggest corruption cases in India's history.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The national auditor said earlier that irregularities in mobile licence and spectrum allocation cost the public exchequer up to $40 billion in lost revenues.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The CBI is looking into companies which may have benefited from suspected rigging of licence bidding rules under then telecom minister A. Raja.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Raja was arrested with two former aides earlier this month in the scandal that has tarnished the reputation of the Congress government led by Premier Manmohan Singh.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The police agency has not alleged that any of the Reliance ADA Group firms profited from the scam.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;It has, however, named India's Swan Telecom -- now known as Etisalat DB Telecom -- and real estate company Unitech as allegedly having benefited.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The police also suggested that Swan Telecom, which got its licence in 2008, appeared to be acting as a "front company" for Reliance Telecom when it applied for the licence.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;However, Reliance ADA Group said on Wednesday no Reliance group company or affiliate "held even a single share in Swan Telecom Ltd., at the time of granting of the 2G license".&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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<p class="MsoPlainText">NEW DELHI: Indian police investigators quizzed telecoms tycoon Anil Ambani on Wednesday over a suspected mobile licensing fraud that robbed the government of billions of dollars.</p>
<p class="MsoPlainText">Ambani's Reliance ADA group said the appearance by the billionaire at the Central Bureau of Investigation (CBI) headquarters in New Delhi was voluntary and that he had not been summoned.</p>
<p class="MsoPlainText">Ambani, India's fourth richest man with an estimated worth of $13.7 billion, according to Forbes.com, met CBI officials "to clarify ongoing issues, relating to telecom matters for the years 2001 to 2010," the group said.</p>
<p class="MsoPlainText">There was no immediate comment from the CBI.</p>
<p class="MsoPlainText">Indian television channels showed Ambani, who controls the Reliance ADA Group, leaving the CBI offices surrounded by television crews.</p>
<p class="MsoPlainText">Reliance ADA Group, which includes the country's second-largest second-largest mobile phone company Reliance Communications, has denied any wrongdoing in connection with the second-generation (2G) licensing scandal.</p>
<p class="MsoPlainText">Reliance ADA Group said last weekend that police investigators had questioned several of its officials over alleged irregularities in the awarding of 2008 2G mobile phone licences.</p>
<p class="MsoPlainText">The meeting between CBI officials and Ambani marked the latest development in a probe into the government's sale of the 2G licences at knockdown prices, which has become one of the biggest corruption cases in India's history.</p>
<p class="MsoPlainText">The national auditor said earlier that irregularities in mobile licence and spectrum allocation cost the public exchequer up to $40 billion in lost revenues.</p>
<p class="MsoPlainText">The CBI is looking into companies which may have benefited from suspected rigging of licence bidding rules under then telecom minister A. Raja.</p>
<p class="MsoPlainText">Raja was arrested with two former aides earlier this month in the scandal that has tarnished the reputation of the Congress government led by Premier Manmohan Singh.</p>
<p class="MsoPlainText">The police agency has not alleged that any of the Reliance ADA Group firms profited from the scam.</p>
<p class="MsoPlainText">It has, however, named India's Swan Telecom -- now known as Etisalat DB Telecom -- and real estate company Unitech as allegedly having benefited.</p>
<p class="MsoPlainText">The police also suggested that Swan Telecom, which got its licence in 2008, appeared to be acting as a "front company" for Reliance Telecom when it applied for the licence.</p>
<p class="MsoPlainText">However, Reliance ADA Group said on Wednesday no Reliance group company or affiliate "held even a single share in Swan Telecom Ltd., at the time of granting of the 2G license".</p>
<p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2011</b></i></center></p>
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      <category>World</category>
      <guid>https://www.brecorder.com/news/3158</guid>
      <pubDate>Wed, 16 Feb 2011 13:24:53 +0500</pubDate>
      <author>none@none.com (Abdul Ahad)</author>
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