From Ratan Tata, Anil Ambani to Sunil Mittal: A look at business leaders probed by CBI

In the last couple of years, a number of corporate houses have been probed by the Central Bureau of Investigation in connection with allocation of natural resources. While several industry leaders have been quizzed by the investigative agency, there are others who have been slapped with serious criminal charges. ET takes a quick look...
Aug 2013: ANIL & TINA AMBANI

Anil and Tina Ambani summoned as witnesses in the 2G scam case. In Feb 2011, Anil Ambani was subjected to sustained interrogation by the agency.

July 2013: NAVEEN JINDAL

CBI had accused the industrialist MP of cheating and graft in one of its FIR in the coalgate scam. CBI has also booked companies Jindal Steel and Power Limited and Gagan Sponge, which were allotted Amarkonda Murgadangal coal block in Birbhum, Jharkhand in 2008.

April 2013: SUNIL MITTAL & RAVI RUIA

Bharti Airtel chairman Sunil Mittal and Essar Group promoter Ravi Ruia had to submit personal bonds in a CBI special court as guarantees for their appearance in a case related to alleged excess allocation of radio airwaves in 2002.



2012, May 16: MATRIX LAB FOUNDER

CBI has arrested Matrix Laboratories founder Nimmagadda Prasad in connection with a corruption investigation involving the son of Andhra Pradesh’s late chief minister YS Rajasekhara Reddy. Prasad was the first industrialist to be arrested as part of the CBI’s investigation of Jagan Mohan Reddy.

Dec 13, 2011: ESSAR AND LOOP PROMOTERS

CBI filed charges in a Delhi court against industrialists Ravi Ruia and Anshuman Ruia, the promoters of Essar Group, and Loop promoters IP Khaitan and Kiran Khaitan. Earlier in the year, the investigative agency had summoned Prashant Ruia for questioning.

June 2, 2011: RATAN TATA

Ratan Tata was given a clean chit by the CBI, which said it found no irregularities in the issance of 2G licence to the telecom company

Apr 2011: UNITECH’S SANJAY CHANDRA

Sanjay Chandra, managing director, Unitech Wireless, was arrested in the 2G case; released on bail eight months later. In July this year, the CBI moved the Supreme Court for cancelling his bail, alleging that he had attempted to “sabotage the trial”.

Feb 9, 2011: SHAHID USMAN BALWA

CBI arrested Dynamix Balwas group managing director Shahid Usman Balwa in the 2G spectrum allocation scam.