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Financial Daily from THE HINDU group of publications Saturday, August 04, 2001 |
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Subramanyam used a personal mobile phone: CBI
Our Bureau
MUMBAI, Aug. 3
THE Central Bureau of Investigation (CBI) today told a special court hearing the UTI scam that Mr P.S. Subramanyam, former Chairman, UTI, had ``admitted to using a personal mobile phone, the particulars of which were not disclosed by him till late yester
day''.
The CBI also told the court that he did not disclose it on his own but as a ``sequel to examination of some vital witnesses and after sustained interrogation''. It said the details of the phone had been sought from the phone company and they would be ava
ilable today. It also alleged that Mr Subramanyam had deliberately withheld the information from the CBI despite his interrogation in custody since July 27.
The CBI Special Judge, Mr S.R. Mehra, later remanded all the four accused, including Mr Subramanyam, to judicial custody till August 7.
The CBI had asked for one day's police custody for Mr Subramanyam and rejection of bail application of the Executive Directors, Mr M.M. Kapur and Mr S.K. Basu, and stockbroker, Mr Rakesh Mehta. It said even though it did not need the custody of Mr Kapur,
Mr Basu and Mr Mehta, they should ``not be granted bail at this stage in the interest of proper, professional and expeditious investigation of this very important case''.
The defence counsels told the court that all the accused had been in custody for nearly 14 days and all the incriminating documents had been seized by the CBI. They said there was no need for their custody any more.
Mr Subramanyam said in his bail application that he had been made a scapegoat and all the accusations made against him and his colleagues were false. The decision to invest in the private placement of Cyberspace was a business and investment decision tak
en to help a backward State, which was at the initiative of the UP Government.
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Related links: Subramanyam bail plea rejected Former UTI chief, 2 EDs remanded Cyberspace Infosys promoter remanded to CBI custody Comment on this article to BLFeedback@thehindu.co.in Send this article to Friends by E-Mail
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