2G scam and investigation result in India
Goa, 20 Mar 2011
2G scam is not going to end in India; the investigation is going on and so on, now the latest news on 2G spectrum scam is that the investigation team has found another victim with the Norwegian firm Telenor, the majority partner in Uninor, said Sanjay Chandra to quit as chairman of Unitech Wireless. Recently launched Uninor telecom in 2010 is a joint venture between Telenor and Indian firm Unitech Wireless Limited, a subsidiary of the realty firm Unitech.
Uninor India joint venture of Telenor group
The Telenor group has asked Unitech to appoint a replacement for Mr. Sanjay Chandra providing the court case relating to the 2G case goes on. Glenn Mandelid, Director of Communications for Telenor group, region Asia, said, "Following the rules, withdrawing from the chairman's position is the most appropriate and decent thing for Mr. Sanjay Chandra to do, given the current circumstances. It is of vital importance that the running business of our Indian operation is not hampered." So was Unitech Wireless for its actions when it was a fully owned Unitech company prior to the Telenor group entering India.
The CBI (Central Bureau of Investigation) charge sheet has named Mr. Chandra and other four corporate executives – few of them sent to Tihar jail for 2G scam reason, Delhi High court refused them for bail appeal.
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