Indian police investigate 63 in massive telecom scandal

09:27, March 02, 2011      

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Indian police have carried out investigations into more than 60 people, including top executives at 10 telecom companies, in a probe into a massive corruption scandal, a court heard Tuesday.

India's Central Bureau of Investigation (CBI) is investigating what has been described as one of the biggest corruption cases in India's history, with up to $40 billion of public revenue lost, according to the government auditor.

Nobody has yet been charged in the case, but the scandal over the sale of telecom licenses has brought down former Telecom Minister Andimuthu Raja.

"Sixty-three persons including promoters and CEOs of 10 (telecom) companies have come under the scanner of the CBI,"CBI lawyer K.K. Venugopal told the Supreme Court.

The CBI has also arrested two former aides of Raja as well as Shahid Balwa, vice chairman of Etisalat DB Telecom.

Source: Global Times
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