2G Spectrum: MCA sticks to Essar-Loop stand; no review, says Moily

NEW DELHI: The ministry of corporate affairs ( MCA) today said it will not review its report on the Essar-Loop shareholding. “We gave the opinion on the provision of law.

Where is the question of review? We receive reference from a ministry and we illustrate it. There is no question of interpretation, that is for the respective ministry to do,” corporate affairs minister Veerappa Moily told reporters on the sidelines of a PHD chamber event here.

He was replying to a question whether his ministry, which was pulled up by the CBI in court for its report on Essar-Loop cross-holding, would reconsider its stance. The MCA had informed the department of telecom that Essar's cross-holding shares were at 2.15% and not above 10 % as alleged by CBI, in its third charge-sheet in the 2G spectrum case.