Saturday, February 12, 2011

2G scam: Unitech officials may be grilled; stock down:

MUMBAI: After the arrest of Swan Telecom promoter Shahid Balwa, the focus of the CBI is now on another real-estate house, Unitech, that earned a quick profit of nearly 267% by off-oading 60% of shares after getting spectrum in 2007-08.

According to reports, sources in the agency said that officials of Unitech would be questioned soon after the CBI was through with the interrogation of Shahid Balwa, promoter of Swan Telecom.

Shares of Unitech were at Rs 34.55, down 4.03 per cent on the NSE. It touched a high of Rs 36 and low of Rs 34 in trade so far. 

Source : ET

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