Economy

2G Scam: CBI Likely to Reveal Arrests of DB Realty Execs

BeyondHeadlines News Desk

New Delhi: Post CBI’s raid at several locations of the DB Realty Group on March 28, sources say a confirmation on the likely arrests of executives of the DB Realty Group and Kusegaon Realty is on the cards. As CBI confirmation is awaited on the development in the 2G scam probe, CNBC-TV18’s Siddharth Zarabi shares exclusive details.

He reveals, “the two names that has been doing the around has been Asif Balwa who is suppose to be a Director on DB Realty and Rajiv Agarwal, who is suppose to be an senior executive in Kusegaon Realty.” He further says that the CBI is expected to reveal to the Supreme Court the action that it has taken, including the two arrests so far, according to the sources.

Below is a verbatim transcript of Siddharth Zarabi’s report. Also watch the accompanying video.

On March 28 evening, the CBI raided several locations and premises of people connected with the DB Realty Group. These raids went on till last night and two executives were held. Until now, there is no official announcement made by the CBI but we expect that the announcement may come in the Supreme Court shortly.

The two names that has been doing the around has been Asif Balwa who is suppose to be a Director on DB Realty and Rajiv Agarwal, who is suppose to be an senior executive in Kusegaon Realty which is suppose to be a subsidiary and associate firm of DB Realty Group. Kusegaon came in the purview in recent past with regard to this 2G probe as an alleged conduit of fund flows, which ultimately ended up in Kalaignar TV that is controlled by the.

The CBI is expected to reveal to the Supreme Court the action that it has taken since yesterday, including the two arrests so far, according to the sources.

The CBI and the Directorate of Enforcement will submit separate status reports to the Supreme Court which is monitoring the 2G probe with regard to the investigation done so far. There is also a sense of expectation that the charge sheet will be made public at the court. The Supreme Court is likely to be apprised of the contents of the charge sheet. However, the charge sheet is to be filed at a separate court under the Delhi high court or special court which has been notified on March 28. This morning of March 29, the additional solicitor general has also briefed the Supreme Court about the creation of that court. The event is likely to take place on the 31st March and it is likely that the Supreme Court may issue direction in this overall matter. This is because all the petitions seeking cancellation on telecom licenses have been clubbed together be it the Prashant Bhushan petition or the petition filed by Subramanian Swamy.

Loading...

Most Popular

To Top