Telecom/Mobile News Headlines | Tech News – Yahoo! India News: CBI charges Essar, Loop execs in telecoms case

Telecom/Mobile News Headlines | Tech News – Yahoo! India News Latest telecom/mobile news headlines from Yahoo! India News. Top stories & Telecom/Mobile news articles, videos, photos from India & around the world.

CBI charges Essar, Loop execs in telecoms case Dec 13th 2011, 03:44 NEW DELHI (Reuters) - The Central Bureau of investigation (CBI) filed fraud charges against five executives at Essar Group and Loop Telecom on Monday, as part of a sprawling probe into a multi-billion-dollar telecoms case that has rocked the country's political and business establishments. Alleged corruption in the sale of telecoms licences in 2007 and 2008 may have cost New Delhi up to $39 billion in lost revenue, and led to the arrest and sacking of a former telecoms minister and criminal charges against many top company executives. ...

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