Shahid Balwa wants CBI to tell actual loss in 2G spectrum scam

Swan Telecom Promoter Shahid Usman Balwa today demanded in a Delhi court that the CBI “must answer” as to what is the actual loss suffered by the state exchequer due to the 2G spectrum scam.

Opposing framing of corruption and other penal charges against him, Mr Balwa told the Special CBI Judge, Mr O.P. Saini, that the agency should have written a letter to the Prime Minister or the Finance Minister to know the actual loss to the exchequer due to the scam.

“The CBI must answer as to what is the actual loss to the state exchequer. It (loss) is the basis of the prosecution and it has to be supported with documentation,” advocate Mr Majeed Memon, appearing for Mr Balwa, said.

Mr Memon asserted that the CBI’s case is based upon the loss to the state exchequer but the Government had stated in Parliament that no loss was suffered and instead the tele-density in the country had increased in 2010 from what it was in 2004.

He also asked the CBI if any loss has been suffered by the state exchequer, who exactly was responsible for it and up to what extent.

He also said the probe agency must answer whether Swan Telecom was ineligible to get Unified Access Services (UAS) licence in January 2008.

Mr Balwa’s counsel also accused the CBI of adopting selective approach in arresting people in the case.

“It is surprising how out of various companies (which got licences for 22 circles) and persons, the CBI picked up A and B and left others. Why are they adopting the selective approach?” Mr Memon asked, accusing the CBI of conducting “a biased, selective and discriminatory approach” in the investigation.

“You (CBI) have just picked up one man of your choice from one point and the other from another point. CBI is blowing up the case so that the court would be hesitant to consider liberty of a person even after months. It is guilty of misleading the court,” Mr Balwa’s counsel told the court.

Mr Memon also asked the CBI to explain as to why the former Telecom Minister, Mr A. Raja, is in jail if ministers belonging to the BJP or NDA government are not in jail despite evolving and following the same policy that Mr Raja had pursued.

Without naming anyone, Mr Memon submitted that Mr Balwa is paying the price because of business rivalry.

“I (Balwa) am a successful businessman and thus I am paying the price because of my business rivals. There is a feeling of vengeance (in my business rivals) as I am a threat to my competitors,” he said.

Mr Balwa, arrested on February 8, is currently lodged in Tihar Jail along with other 13 accused including Mr Raja and the DMK MP, Ms Kanimozhi.

Charges of cheating, forgery, criminal conspiracy and corruption have been levelled against Mr Balwa.

The CBI charge-sheet has alleged that a bribe money of Rs 200 crore had been channelised from Mr Balwa’s DB Realty to DMK-run Kalaignar TV through a “circuitous route” via Cineyug Films and Kusegaon Fruits and Vegetables Pvt Ltd for grant of licence to Mr Balwa.

The agency, in its first charge-sheet, has alleged that Mr Balwa along with other co-accused in the case entered into a conspiracy for manipulating the procedure for allocation of spectrum with the aim of favouring companies like Swan Telecom and Unitech Group.

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