The Supreme Court today granted bail to all five corporate executives charged in the 2G spectrum allocation scam on two sureties of Rs 5 lakh each.
This is the first set of bail granted in the mutli-crore telecom spectrum scam, which according to a Comptroller and Auditor General report caused a loss of Rs 1.76 lakh crore to the state exchequer.
Unitech's Managing Director Sanjay Chandra, Swan Telecom's Director Vinod Goenka as well of Reliance ADAG officials Gautam Doshi, Hari Nair and Surendra Pipara had been lodged in Tihar jail for over six months.
From: http://ping.fm/hhZdT
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