2G scam: CBI may probe FIU and IT data to decipher money trail

Sleuths probing the 2G spectrum allocation are now concentrating on the database of the elite Financial Intelligence Unit and Income Tax epartment to decipher the money trail in the scam.

New Delhi: Sleuths probing the 2G spectrum
allocation are now concentrating on the database of the elite
Financial Intelligence Unit and Income Tax department to
decipher the money trail in the scam.

Sources said the CBI has received some exclusive and
critical tax and income related details from the I-T
department regarding payments made by various entities who
were alloted 2G spectrum.
The investigators have also asked the Financial
Intelligence Unit (FIU) to provide them with the Suspicious
Transaction Reports (STRs) and Cash Transaction Reports (CTRs)
that the agency has collected during the period the spectrum
allocation was in process.

The CBI, which has arrested former Telecom Minister A
Raja and two other senior Telecom department officials, is
currently scrutinising the transfer of funds by some Mumbai-
based firms to some telecom companies.
The data has been provided by the I-T department to
the CBI.

Sources said the investigators are trying to unravel
the complex routes of payments which were made by certain
entities involved in the 2G allocation, including some
offshore payments.

The CBI, according to sources, is getting fresh leads
by the I-T department in its probe to unravel the exact loss
of money to the exchequer through alleged illegal allocation
of the scarce spectrum frequency.

PTI