2G scam: After Pakistan, Shahid Balwa under scanner for China links

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  1. Someoneforyou

    Someoneforyou Regular Member

    Jan 26, 2011
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    2G scam: After Pakistan, Shahid Balwa under scanner for China links
    India - 8 March 2011

    NEW DELHI: 2G scam accused Shahid Balwa, whose dubious Pakistani and underworld connections are being probed, also allegedly had some Chinese links that raised security concerns within Indian agencies.

    The home ministry has shared the information with CBI, which has been finalising its chargesheet against Balwa who on Monday stepped down as the managing director of D B Realty.

    Sources said details of Balwa's activities and evidence would soon be submitted to Delhi High Court, which is hearing a petition of the Mumbai-based businessman claiming innocence. Balwa was arrested by CBI in Mumbai on February 7, and is currently in judicial custody.

    "There are sufficient evidence of Balwa having close links with the underworld and anti-India elements in Pakistan and China," an official said.

    Last December, Balwa had moved Delhi HC against an official note from the home ministry recommending to Foreign Investment Promotion Board (FIPB) to deny permission to Etisalat to invest money in a Chennai-based firm. The ministry had cited that he has "links" with the underworld -- one of the four reasons that was put forth -- and, hence, shouldn't be associated with the company either as a director or in any other capacity.

    Balwa, in his application, said Anti-Terror Squad of Mumbai Police and Intelligence Bureau have found nothing against him, and despite the report the Centre has failed to file any affidavit on the issue.

    The home ministry was asked by the court to file its affidavit on Balwa's plea that his "links" with underworld don Dawood Ibrahim has harmed his business and reputation.

    The home ministry had objected to the proposal of the UAE-based Etisalat to increase its stake in its Indian arm, Etisalat D B, citing the Dubai company's presence in Pakistan and Afghanistan.

    Source: The Times of India

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