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The Enforcement Directorate today told the Supreme Court that property worth Rs 2,000 crore each will be attached against two companies which are involved in the 2G spectrum scam during the tenure of former Communications and IT Minister, Mr A. Raja.
Senior advocate Mr K.K. Venugopal, appearing for the ED, hinted that attachment orders will be issued shortly under the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA), against the two companies against whom the ED has so far registered the complaints.
“It will be done in two months' time against the companies whose names have been mentioned in the complaints.
“We have to collect details of their properties as many of the companies kept benami properties,” the senior advocate said when the bench, comprising Mr Justice G.S. Singhvi and Mr Justice A.K. Ganguly, asked how much time the ED will take to complete the investigation.
Meanwhile, the CBI also filed a fresh status report about its probe and sought more time to complete the investigation relating to the allocation of spectrum during the period of 2001-07.
The bench appreciated the probe done by the CBI and ED and said they have done a “commendable job”.
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