The Enforcement Directorate has issued notices under the Preven-tion of Money Laundering Act to all those chargesheeted by the Central Bureau of Investigation in the 2G scam.
Sources said the ED asked all of them to explain their source of funds. The CBI chargesheet named 12 accused, including former communications minister A. Raja and his associates. The others include former telecom secretary Siddharth Behura, Raja’s former private secretary R.K. Chandolia and telecom promoter Shahid Balwa of Swan Telecom, as well as Gautam Doshi, Virendra Titara and Hari Nayar (all three from ADAG), Vinod Goenka (Swan) and Sanjay Chandra (Unitech). Three telecom firms named in the chargesheet are Unitech, Reliance Communications and Swan Telecom. “The ED is planning to initiate attachment of properties belonging to the accused soon,” sources said.
These have been already identified. It is also examining the circumstances in which Swan Telecom allegedly issued its three shares to a foreign investor at an abnormal value to avoid seeking Foreign Investment Promotion Board permission.
There are reports that some foreign firms also invested in telecom companies in the 2G spectrum allocation race.