Anil Ambani denies any knowledge about Swan Telecom

Anil Ambani denies any knowledge about Swan TelecomReliance ADA Group Chairman Anil Ambani on Thursday appeared before a special court in New Delhi to dispose as prosecution witness in the 2G spectrum allocation case.

When the prosecution asked Ambani if he knew a company named Swan telecom that had been awarded 2G spectrum and licence in the year 2008, he denied any knowledge about the company.

In the special CBI court, presided over by Judge OP Saini, he claimed, "I'm not aware of any company called Swan Telecom."

The CBI alleges that Swan Telecom was created by Reliance ADA Group as a shell company so that it could indirectly gain 2G spectrum for which it was not eligible. According to the CBI, Ambani's group companies invested more than Rs 990 crore in Swan Telecom.

The billionaire also claimed that he was unable to recall the various board meetings of an associate company because the minutes of those meetings were prepared by the company's secretarial staff and not by him.

Ambani appeared before the special CBI court after the Supreme Court on Wednesday refrained from passing any order, while the trial court turned down his plea against summoning him and his wife as prosecution witnesses in the case.