The CBI recently questioned Unitech managing director Sanjay Chandra in connection with the latest money trail into the 2G scam. Chandra,who is currently on bail,was called for examination by the CBI after the Enforcement Directorate (ED) provided the agency with details regarding a suspicious transaction carried out by him at the time of grant of telecom licence to Unitech in 2008.
Chandra was quizzed for nearly four hours following which the CBI decided to send letters rogatory (LRs) to Mauritius. As first reported by The Indian Express,the charge against Chandra is that Unitech India transferred Rs 240 crore to Unitech Overseas Limited,which was allegedly transferred to a Mauritian investment without any explanation some time between December 2007 and January 2008,around the time Unitech was granted UAS licence by the then telecom minister A Raja.
The CBI said Unitech Ooverseasd had an initial capital of £2000 but received share application of £30 million on December 24,2007. This was used for purchase of derivative which later had zero value. The CBI suspects that like Kalaignar TV,which was allegedly paid a bribe of Rs 200 crore by Swan Telecom,Chandra gave Rs 240 crore as bribe by routing it to a Mauritius-based investment.
Chandra had been questioned regarding the money transfer in December last year but the ED was not able to identify the beneficiary of the said transaction.
The CBI is also likely to get LRs issued to Malaysia,Mauritius and UK and Isle of Man in connection with the Aircel-Maxis deal involving another former minister Dayanidhi Maran.