2G trial: RCap's Subramaniam retracts first statement to CBI

Latest Assistant vice president of Reliance capital Anand Subramaniam has backed down from a statement previously given to the CBI, in which he had said that he had issued a letter opening an account for Swan Telecom on the instructions of Company Secretary for Swan, Hari Nair. Today Subramaniam insisted that he had never worked with any of the principle accused from Swan (Gautam Doshi, Hari Nair, and Surendra Pipara). In a further blow to the CBI he also said he could not recollect as to under whose instructions he had signed the letter. Subramaniam is not legally bound by the statement he made to the CBI.

4.05pm: Court proceedings end for the day. Court to resume on Monday.

3.05pm: CBI counsel starts questioning Sethuraman on the licenses awarded to Reliance.

3.00pm: Raja has dozed off again.

2.40pm: Anil Ambani’s Reliance top-executive A N Sethuraman takes oath. CBI counsel questions Sethuraman, the group president of ADAG. Sethuraman claims to know the three accused, Gautam, Pipara and Hari.

2.22pm: Court resumes proceedings. The lawyer for Hari Nair begins cross examining Anand Subramaniam.

1.18pm: Court breaks for lunch. Raja's lawyer makes a statement in which he reiterates his stand that he will not cross-examine prosecution witnesses until the CBI finishes its investigations. Meanwhile defence lawyers request that the trial be held in a different courtroom.

12.15pm: Court resumes after ten minute recess. Subramaniam is cross examined by lawyers for Shahid Balwa on statements pertaining to his responsibilities in Reliance that he made earlier in the day.

11.59am: Defence Lawyers object to lack of air conditioning in the courtroom, saying they are 'tired of sweating'. They are told that there is no power. They appeal to the media asking them to raise objections against the 'bad conditions' inside the courtroom. Meanwhile Firstpost reporter Pallavi Polanki reports that A. Raja has begun dozing off in court!


Raja's lawyer makes a statement in which he reiterates his stand that he will not cross-examine prosecution witnesses until the CBI finishes its investigations. AFP

11.54am: Defence lawyers start cross examining Subramaniam. Lawyers for A.Raja told the court that they would not cross examine prosecution witnesses till CBI probe is over in 2G case but the other defense lawyers had objected saying that as he was the primary accused all information would emanate from him. The judge rejected Raja's application calling it "nonsense".

11.29am: Former telecom Minister A. Raja moves an application refusing to participate in the trial, but it is rejected by the judge.

11.20am Firstpost reporter Pallavi Polanki says that the CBI counsel allows defence lawyers to cross-examine Subramaniam. Earlier when he had been asked under whose instruction he signed a letter authorizing the opening of a current account for Swan Telecom, Subramaniam had said he did not recollect.

11.08am: Subramaniam is being shown details of a current account opened for Swan Telecom and is asked to identify which company the account belongs to. Witnesses say that there is a similar account number belonging to Reliance Communication. Lawyers for Subramaniam accuse the CBI counsel of cross examining the witness.

10.52am: Firstpost reporter Pallavi Polanki says that Subramaniam is being asked to identify signatures on a letter that was seeking to open a current account for Swan telecom, but lawyers object saying that he cannot be asked to identify another persons signature. Earlier a ruckus had broken out in the court over lack of space and the defence counsel had objected to the trial being conducted in a cramped space.

10.31am: Firstpost reporter Pallavi Polanki who is at the court reports that the Reliance Capital Assistant Vice President Anand Subramaniam is being questioned by the CBI. He is asked if he knows the three accused but is not allowed to answer. However when asked if he can see the accused in the court room he answers, "I can see two". He adds that he has not worked under any of the accused. Apart from Subramaniam, Group President of Reliance AN Sethuraman and Chief Regulatory Officer of Etisalat DB Telecom Pvt Ltd Vinod Kumar Budhiraja are also expected to be questioned today.

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10:05 am: Accused arrive in court. Kanimozhi, Balwa, Sanjay Chandra, and Gautam Doshi are among those seen entering the courtroom.


10.00 am: The most significant scam trial in the history of modern India, begins today. The trial is also a test of the CBI. It is yet to be seen if the witnesses will stick to what they told the CBI or whether they will turn hostile.

The 17 accused in the case include former Telecom Minister A Raja, DMK MP Kanimozhi, and senior corporate executives including three from the Reliance Anil Dhirubhai Ambani Group (ADAG).

In a reconstruction of the 2G scam, the CBI contends that the scam began with Reliance and thus the investigating agency will chronologically produce or summon witnesses for the trial. Twenty-eight of a total of 125 witnesses will be produced by the end of November.

Anil Ambani Group's e top-executive AN Sethuraman and Assistant Vice President Anand Subramaniam are expected to appear in the CBI designated special court at Patiala House today. Etisalat DB Telecom’s (earlier known as Swan Telecom) Chief Regulatory Officer Vinod Kumar Budhiraja will be the third witness.

The charges against all the accused include criminal breach of trust, which is punishable with a term extending up to 10 years imprisonment or life imprisonment and fine. The other charges are criminal conspiracy, cheating, forgery and some provisions under the Prevention of Corruption Act including abetment of offences.

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Updated Date: Nov 11, 2011 17:12 PM

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