CBI registers PE to probe role of banks in 2G scam

The CBI has registered a preliminary enquiry (PE) to probe the role of certain public sector banks, including the State Bank of India, for providing loans to certain companies who were allocated the 2G Spectrum in 2007-08 including Uninor and STel.

The PE was registered by the Bank Securities and Fraud Cell of the CBI against unknown bank officials, official sources said here today.The allegation is that some banks had allegedly violated the laid down norms and provided finance to two real estate companies who made forays into the telecom market by procuring the spectrum auctioned during the said period, the sources said.

This is the second PE registered by the CBI in connection with the 2G spectrum scam besides a regular case against unknown officials of the Department of Telecom and private companies.