The Delhi High Court today reserved its order on bail pleas of five corporate executives who were arrested for their roles in 2G spectrum allocation scam allegedly involving former Telecom Minister A Raja and Tamil Nadu Chief Minister M Karunanidhi’s MP daughter Kanimozhi. Justice Ajit Bharihoke reserved his order on the pleas after CBI’s Special Public Prosecutor U U Lalit, along with counsel for various corporate honchos, concluded their arguments.

Opposing the corporate executives’ bail pleas, Lalit submitted the corporate bodies and individuals were direct beneficiaries of the entire spectrum deal and they were involved in a conspiracy along with Raja to obtain benefit from the grant of spectrum licences.

He said the former minister had advanced the cut-off date for submitting application for spectrum allocation and also altered the licencing policy to favour Swan Telecom and Unitech Ltd.

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