CBI has raided Valuelabs Services Pvt. Ltd. offices located in Jubilee Hills Road No. 45 in relation to 2G Spectrum case investigations, says tv9. In Chennai, searches were being conducted at the homes of the Marans in the Boat Club area and Murasoli Maran Towers that houses the Sun Network. The CBI also searched the premises of Suneeta Reddy, Executive Director of Apollo Hospitals, in Chennai and Hyderabad, even though she has not been named in the FIR.
The Central Bureau of Investigation on Monday conducted simultaneous searches on the premises of the former Union Minister, Dayanidhi Maran, and his elder brother and Sun Network managing director, Kalanithi Maran, in connection with a case arising out of the Aircel-Maxis deal.
Special teams conducted the searches in New Delhi, Chennai and Hyderabad. Earlier, the CBI registered a case against the Maran brothers as well as against Ralph Marshall and T. Ananda Krishnan of Maxis Communications, Malaysia. The agency has also named three private companies, including SUN Direct TV and Maxis Communications, in the First Information Report (FIR).
The CBI had been conducting a preliminary enquiry into the Aircel-Maxis deal in the past few months. The agency also named M/s Astro All Asia Networks, U.K., and other unknown officials and persons among the accused.
CBI is enquiring on Aircell and Apollo's Sunitha Reddy's involvement in the 2G Spectrum allocations. Earlier CBI has questioned Executive Director of Apollo Hospital Suneeta Reddy on the alleged role of former Telecom Minister Dayanidhi Maran in the takeover of Aircel by Malaysian group Maxis. The agency is probing the allocation of spectrum during 2001-07 and it has questioned Maran, his brother Kalanidhi and top executive of Maxis group Ralph Marshall as former Aircel Chief C Shivasankaran had alleged he was forced by the minister to sell his stake.
Reddy was asked to clarify her interests in Aircel, agency sources said. Reddy had held the position of Chairperson of Aircel in 2005, according to annual reports of the group for the fiscal ending March 31, 2006.
Maxis Communications has 74% share in the Aircel while 26% is owned by Sindya Securities and Investments, according to Aircel web site.
Reddy family is said to be stakeholders in Sindya Securities and Investments and its promoters, sources said.
According to annual report of the Apollo group for 2009-10, Suneeta Reddy's profile mentioned that she held external directorship in Aircel as well as Sindya Securities and Investments limited.
The Apollo Hospitals in a statement said,"Apollo Hospitals Group and its Chairman Dr Prathap C Reddy do not have any investment in Aircel or any other telecom company."
"The Sindya Securities and Investments Pvt Ltd promoted by Mr P Dwarakanath Reddy and Mrs Suneeta Reddy have investments in Aircel entity and this is a strategic investment in telecom sector, which was a growing business opportunity," the statement said.
