SC issues notice on Reliance Infocomm issue
03 Jan 2006
1
New Delhi: The Supreme Court has issued notices to the center, CBI and CVC, after a PIL sought an investigation into the permission granted to Reliance Infocomm to launch its WLL services as full mobility services without paying the requisite licence fee for entering fully mobile services. This was during the tenure of Pramod Mahajan as communication and IT minister. The petitioner also alleged that it had come to light that Reliance Infocomm allotted one crore shares to three front companies at Re1 each as against the Rs55 each paid by Reliance Industries itself for the same share at that time.
The allotment of these shares raises the suspicion that the real beneficiary of these shares was Mahajan and his family members, petitioner's counsel Prashant Bhushan alleged.
