2G: Bail plea of five corporate honchos to be decided on Wednesday

A special court in Delhi is likely to pronounce its order on Wednesday on the bail plea of five corporate honchos, who have not been arrested despite being named in the chargesheet in the 2G spectrum scam.

Last Updated: Apr 19, 2011, 21:12 PM IST

New Delhi: A special court here is likely
to pronounce its order on Wednesday on the bail plea of five
corporate honchos, who have not been arrested despite being
named in the chargesheet in the 2G spectrum scam.

Special CBI Judge OP Saini, on April 15, had reserved
his order on the bail applications of Swan Telecom Director
Vinod Goenka, Unitech Wireless (Tamil Nadu) Ltd Managing
Director Sanjay Chandra, and three top officials of Reliance
ADA Group Gautam Doshi, Surendra Pipara and Hari Nair.

The five top corporate leaders, who had appeared after
being named in the first chargesheet of the case, were not
arrested by the CBI during the probe.

Besides them, former Telecom Minister A Raja, Swan
Telecom promoter Shahid Usman Balwa, former telecom secretary
Siddhartha Behura and Raja`s personal secretary RK Chandolia
are other accused who are in jail.

Opposing the bail plea of the corporate leaders,
special prosecutor UU Lalit had said that they should be sent
to jail as the fear of witnesses being won over or influenced
is there.

"The severity of the offence cannot be determined by
the length of the prescribed punishment. The financial health
of the country has been completely bartered in this case and
the accused should be remanded to judicial custody for smooth
trial," Lalit had said.

However, senior advocates KTS Tulsi, Mukul Rohatgi
and Ranjit Kumar, arguing for corporate leaders, had said that
sending the accused, whose arrest was not required during
the probe, to jail now would amount to "travesty of justice"
and was an "astounding proposition" of law.

PTI