2G Scam Funds Traced to 6 Nations, ED Informs SC

The net widens as 31 firms have now come under its lens

The Enforcement Directorate (ED) told the Supreme Court (SC) on Tuesday that multicrore foreign transactions relating to the 2G spectrum scam have been traced to at least six countries. As many as 31 firms have come under the scrutiny of the agency.
It placed the latest status report of its investigation into the scam in a sealed envelop before a bench comprising justices GS Singhvi and AK Ganguly in which it has mentioned that it is seeking the help of foreign authorities in tracking the source of money.
Senior advocate KK Venugopal, appearing for ED, said that that Letters Rogatory have been sent to Singapore, Cyprus, Jersey and Virgin Islands in connection with the scam. Similar communications were being sent to two more countries.
He said that 31 companies have so far been summoned and statements of 26 companies have been recorded.
He said that some hawala operators were also involved in the scam and their premises were raided and they were questioned by the ED.

THE LONG ARM OF LA