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Friday, May 20, 2011
US charges 4 Pakistani terrorists in 26/11 Mumbai attack
2G scam probe: Kanimozhi denied bail, arrested
The court directed the CBI to take her and Kalaignar TV Managing Director Sharath Kumar into judicial custody. The Rajya Sabha MP will be taken to Tihar jail.
Earlier in the day, when the special judge said the order would 'take some time and come after 1 p.m.', Kanimozhi and Kumar looked relieved.
The 2G spectrum scam relates to irregularities in the allocation of airwaves to telecom companies that caused huge losses to the exchequer.
The scandal may have cost Asia's third-largest economy $39 billion in lost revenues, equivalent to the defence budget, sparking outrage against the government. Analysts say the scandal cost the DMK the election in Tamil Nadu.
This and several other corruption scandals in Singh's second term have battered the Congress-led coalition government, stymied its agenda for economic reform, and hurt foreign direct investment into one of the world's fastest-growing economies.
Kanimozhi has been charged with conspiracy and receiving bribes along with several of India's top business executives in the telecoms scandal. She denies the charges.
Her party colleague, the former telecoms minister Andimuthu Raja, has been arrested in the case. Others arrested include executives of Reliance ADA group and Sanjay Chandra, the managing director of Telenor's India partner Unitech. All accused deny the charges.
Cineyug Film's Karim Morani was not present as he got exemption from personal appearance due to his ill health, while Surendra Pipara of Reliance, who is in judicial custody, was not presented in the court as he is undergoing treatment for a heart problem at the All India Institute of Medical Sciences (AIIMS).
Kalaignar TV channel had earlier stated that the Rs.214 crore it got was a loan and paid back with interest.








