Seth—among a handful of senior executives who had chosen the group headed by Anil when Reliance was divided in —told the CBI that from April , he had been a consultant with different companies, including R-ADAG, and was getting a "fixed amount of consultancy fee from the group" and added he was "continuously on the board of Reliance Telecom Ltd from ". My Saved Articles Sign in Sign up. Fill in your details: Statement appears confusing The Reliance Telecom board was informed of this on January 30, in this meeting, which was also attended by Bhagwan Das Khurana, SP Shulka and Anil Ambani, Gautam Doshi was appointed on the mobile phone company's board. Your Reason has been Reported to the admin. According to his statement, only two individuals other than him-Gaurang Shah and SP Shukla-were authorised to invest. Reliance ADAG group shares in the green.
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2G scam: ADAG official Satish Seth says Gautam Doshi took decisions regarding Swan Telecom
Seth's statement goes on to add that Zdag Shah delegated his authority to Gautam Doshi to disinvest the telco's equity shares in Swan Telecom. Telecom News Telecom Policy. Never miss a great news story! According to his statement, only two individuals other than him-Gaurang Shah and SP Shukla-were authorised to invest.
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Seth's statement appears somewhat confusing because by his own admission, Doshi was only authorised to disinvest Reliance Telecom's stake in Swan.
Read more on ADAG. Find this comment offensive? In the same meeting, the investment limit was enhanced fold to Rs 10, crore.
No discussions relance me in this regard were held by Gautam Doshi," his statement added. In the statement, which is part of court records, he has blamed another senior company official, Gautam Doshifor the controversial decision to invest in and exit Swan Telecoma company that is at the heart of the alleged scam.
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I had no role to play in this regard. They have been charged with forgery, cheating and abetment to crime.
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Doshi, who is also a group managing director in R-ADAG, has been in judicial custody for over a month now along with two other company executives, Surendra Pipara and Hari Nair. IBM finds silver lining despite slowdown: Rune Saved Articles Sign in Sign up. Your Reason has been Reported to the admin. Doshi subsequently sold off Reliance Telecom's stake in Swan and informed the board in January Statement appears confusing The Reliance Telecom board was informed of this on January 30, in this meeting, which was also attended by Bhagwan Das Khurana, SP Shulka and Anil Ambani, Gautam Doshi was appointed on the mobile phone company's board.
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Seth—among a handful of senior executives who had chosen the group headed by Anil when Reliance was divided in —told the CBI that from Aprilhe had been a consultant with different companies, including R-ADAG, and was getting a "fixed amount of consultancy fee from the group" and added he was "continuously on the board of Reliance Telecom Ltd from ".
Reliance ADAG group shares in the green. Seth said in a board meeting held on October,he along with two other individuals—SP Shukla and Gaurang C Shah— were authorised to invest and disinvest to the tune of Rs 1, crore. Choose your reason below and click on the Report button.
A further investment of Rs crore was made in Swan, and the Reliance Telecom board was informed on April 29, Their actions amounted to criminal conspiracy, according to the investigating agency's version of events, to enable R-ADAG companies get licences to offer GSM services in 13 circles, for which they were not eligible as they already had all-India licences based on a different technology.
To see your saved stories, click on link hightlighted in bold. Seth is listed as a prosecution witness in the court tume.
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