Anil Ambani's RCom refutes CAG report
Anil Ambani's RCom refutes CAG report
The company said it was ready to provide all relevant information to resolve "doubts" expressed by CAG report.

Delhi: Anil Ambani's Reliance Communications On Thursday refuted the CAG report on 2G spectrum scam that was tabled in Parliament on Tuesday.

In a statement, the company defended itself saying it had no holding in Swan Telecom when the 2G license was granted.

The CAG report on 2G scam had said Anil Ambani's firm Reliance Communications had been given undue benefits in the spectrum allocation.

The statement also said that the company was ready to provide all relevant information to resolve "doubts" expressed by CAG report.

Reliance Communications' statement said that the company had a 9.9% shareholding in Swan Telecom only till December 5, 2007.

It also stated that Swan was granted a letter of intent (LOI) only on January 10, 2008.

The statement clarified that the group had no shareholding in Swan Telecom at the time of the "license grant" or any time thereafter.

It also said that the company did not take any steps to actively pursue Swan license application at any stage.

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