Foreign funds traced in 2G scam, 31 firms under probe:ED to SC

New Delhi, Mar 15 (PTI) Thirtyone firms have come
under the scrutiny of the Enforcement Directorate which told
the Supreme Court on Tuesday that multicrore foreign
transactions relating to the 2G spectrum scam have been traced
to at least six countries.
The agency placed its latest status report of its
investigation in the scam in a sealed envelop before a bench
comprising justices G S Singhvi and A K Ganguly in which it
has mentioned that it is seeking the help of foreign
authorities in tracking the source of money.
Senior Advocate K K Venugopal, appearing for ED, said
that that Letters Rogatory have been sent to Singapore,
Cyprus, Jersey and Virgin Islands in connection with the 2G
spectrum scam. Similar communications were being sent to two
more countries.
He said that 31 companies have so far been summoned
and statements of 26 companies have been recorded.
He said that some hawala operators were also involved
in the scam and their premises were raided and they were
questioned by the ED.