Former TRAI chairman Pradip Baijal refuted the allegations. “If there is an investigation, I will co-operate,” he said.
On the allegations, Reliance Communication said,” the alleged loss of revenue to the Exchequer by RCOM relates to industry issues involving all telecom operators, including Bharti Airtel, Vodafone, Idea and Tata Telecom, and all operators have already been granted stay orders by the Courts against action by the DoT.”
Unitech spokesperson said,”We are pleased to learn that Supreme Court has ordered a CBI enquiry into hammering of stock of Unitech. In October 2008, widespread malicious rumours were being spread about the financial health of our company, possibly by the bear cartels or market operators who had vested interest in making short term gains,” Unitech spokesperson said.
