The CBI has received a reply from Switzerland to its judicial request sent in the 2G spectrum scam related to details about the ownership of Mauritius-based Delphi-which allegedly bought stakes in Swan telecom of Shahid Balwa.
The judicial request to Swiss authorities was sent by the investigative agency to get details about the overseas companies based there, which allegedly helped in transferring funds to Swan Telecom in India. The reply has been sent in German language, which the agency officials are getting translated, sources said.
“Probe by the agency revealed that some companies based in Switzerland, Mauritius as well as in British Virgin Island are allegedly interlinked.”
These overseas companies are reportedly associated with some telecom firms based in India who were in the race of 2G allotment during the tenure of former communications minister A. Raja”, sources said. Probe revealed that certain telecom companies indulged in irregular transfer of funds from their subsidiaries in several countries including Mauritius and British Virgin Islands during 2G spectrum allotment, sources added.
“The agency officials are now scrutinising documents sent by Swiss authorities with the help of translators. If required, the agency sleuths may take assistance of CBI’s legal wing”, sources said. The Mauritius-based companies, who are under the scanner of the CBI, include: Etisalat Mauritius Limited, Delphi Investment Limited, Apex Fund Services (Mauritius) Limited, Mavi Investment Limited, Capital Global Limited, Black Lion Limited, Kaif Investments Limited, Electro Investment Limited and others, sources added.
Probe further revealed that Swan Telecom allegedly transferred its 107,91,000 shares (held by another telecom operator of India) to a Mauritius based company on Dec. 5, 2007.