Business News

Reliance Anil Dhirubhai Ambani Group welcomes 2G verdict

Reliance Anil Dhirubhai Ambani Group welcomes 2G verdict

New Delhi: Reliance Anil Dhirubhai Ambani Group (ADAG) on Tuesday welcomed the judgement of the special court acquitting its three top executives and Reliance Telecom Ltd in the 2G spectrum allocation scam case.

Three top executives of Reliance ADAG — Gautam Doshi, Surendra Pipara and Hari Nair were acquitted in the case.“Reliance Group welcomes the court verdict,” a statement issued by the company said. They were facing trial along with former telecom minister A. Raja, DMK MP Kanimozhi and others. The CBI had alleged that there was a loss of Rs 30,984 crore to the exchequer in allocation of licences for the 2G spectrum which were scrapped by the top court on February 2, 2012.

PTI