Millennium Post

2G witness says Essar, Loop separate units

A prosecution witness on Wednesday told a Delhi court trying the case arising out of the probe in the 2G spectrum allocation scam against promoters of Essar Group and Loop Telecom that the entities are ‘two different groups’.

The CBI has alleged that Loop Telecom Pvt Ltd was a front company for Essar, which already had a stake as an existing telecom operator, to secure additional spectrum which was in contravention of the then telecom policy.

R Kirthivasan, a chartered accountant, told Special CBI Judge O P Saini that his accountancy firm has been doing audit works for both Essar and Loop Group and employees of both the groups used to assist him in their respective work separately.

‘In this [audit] work, employees only of Loop group used to help me. When I did the audit work of Essar group companies, employees only of Essar group used to assist me,’ he said.
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