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Special Judge O P Saini acquitted all the accused, including then Telecom Minister A Raja and DMK MP Kanimohi, in both the cases filed by the CBI and ED LATEST NEWS :  A Delhi court on Thursday acquitted all the accused in the alleged multi-thousand crore rupee 2G spectrum scandal. Special Judge O P Saini acquitted all the accused, including then Telecom Minister A Raja and DMK MP Kanimohi, in both the cases filed by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). The alleged scam on the issuance of licences and allocation of 2G spectrum by the Department of Telecom occurred during the Congress-led UPA government's first tenure in 2008 but was widely reported in 2010 following a report by the Comptroller and Auditor General of India (CAG). Congress leaders said that the verdict vindicated then Prime Minister Manmohan Singh and the UPA's stand that there was no scam in the allocation of spectrum and licences to telecom companies. ...

CBI, ED preparing chargesheet to strengthen extradition case; Mallya alleged to have systematically duped banks by repaying some loan and borrowing more after gaining their confidence Strengthening the case for fugitive businessman Vijay Mallya's extradition from the United Kingdom, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are reported to be preparing a charge sheet alleging the former liquor baron laundered a major chunk of the Rs 6,027-cr loan taken for the defunct Kingfisher Airlines. Mallya, the 61-year-old chief of the erstwhile Kingfisher Airlines who owes over Rs 9,000 crore to IDBI Bank and various other Indian banks, had fled India to escape legal proceedings in connection with default on the loan repayment. The money, borrowed from a consortium of banks led by State Bank of India, was allegedly diverted through shell firms in seven countries, including the United States (US), the UK, France and Ireland, The Times of I...

Agarwal was accused of converting black money through dubious transactions The Enforcement Directorate on Tuesday arrested the chartered accountant of RJD chief Lalu Prasad's daughter Misa Bharti in connection with an alleged money laundering case. An ED official told IANS that Rajesh Agarwal was arrested from Delhi for alleged money laundering and involvement in the black money racket. Agarwal was accused of converting black money through dubious transactions with the help of two bothers S.K. Jain and V.K. Jain. The ED had arrested the Jain brothers on March 20. Read this: Windows smashed! Tejas Express vandalised one day before launch At least 90 shell firms were under the ED scanner. Agarwal has also been accused of helping Bharti's husband's company, Mishail Packers and Printers Pvt Ltd. The arrest follows the May 16 Income Tax raids at 22 places in and around Delhi in connection with alleged "benami" property deals involving Lalu ...