The Central Bureau of Investigation (CBI) today filed fresh charges against Essar and Loop Telecom in the 2G spectrum allocation scam case. CBI has charged Essar with controlling Loop Telecom through a stake in Vodafone.
Third in the telecom scam case, the 106-page chargesheet prepared by CBI names five individuals, including Essar promoter-director Anshuman Ruia, vice chairman Ravi Ruia, group director (strategy and planning) Vikas Saraf, and Loop Telecom's Kiran Khaitan and IP Khaitan.
They have been charged under sections 420 and 120(b) of the Indian Penal Code, which deals with cheating and criminal conspiracy.
I P Khaitan is the promoter of Santa Trading and one of the main investors in Loop Telecom, Kiran Khaitan is Ravi Ruia's sister and IP Khaitan's wife.
The CBI chargesheet also names three companies - Loop Telecom Pvt Ltd, Loop Mobile India Ltd and Essar Tele Holding - as accused in the case.
The Essar Group, however, said the company was not involved in the case and that its stand has been ''vindicated by the CBI today.''