SAR chief: Special program to localize railway industry to be announced next week    Several US states move to eliminate high school graduation exam requirements    Saudi-French Ministerial Committee agree to work together to upgrade bilateral partnership for AlUla    Saudi Music Commission launches MusicAI global platform for learning and teaching music    Saudi Arabia bans commercial use of symbols and logos of other countries    Israeli airstrikes target Beirut's southern suburbs    Fire at hospital in India kills 10 infants; investigation underway    Xi Jinping: Efforts to block economic cooperation are 'backpedaling'    Residents of several towns in Victoria, Australia ordered to evacuate due to bushfires    Jake Paul defeats Mike Tyson in lackluster showdown at Dallas Cowboys' home    Spectacular opening of the 2024 Thailand International Mega Fair in Riyadh    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Deadly turn
Published in The Saudi Gazette on 19 - 03 - 2011

agency probe into India's 2G spectrum scam appeared to make some headway, the sudden death of Sadiq Batcha comes as a setback to the investigation process. Thirty-seven-year-old Batcha's phenomenal rise from a small-town salesman to a real estate tycoon is more than just a rags-to-riches story, writes the Times of India in its editorial. Excerpts:
From the available evidence, his rise can be linked to the political fortunes of former telecom minister A. Raja, currently under investigation in the 2G spectrum scam case. Batcha's real estate firm, Green House Promoters – with Raja's kith and kin holding crucial positions – started with an equity base of Rs1,00,000 (about $2,300) in 2004 and went on to become a company worth billions of dollars within a short time. The firm is alleged to be one of the vehicles used to launder kickbacks from the sale of 2G spectrum licences.
As a key aide and business associate of Raja, Batcha was a crucial link to any investigation unearthing the money trail associated with the telecom scam. Reports suggest that Batcha was ready to turn approver in the case, and his death raises many questions. Opposition parties, both at the Center and in Tamil Nadu, suspect foul play and an attempt to subvert the investigation process. Their demand for a thorough probe into the death is justified. On its part, the state government has indicated its willingness to do so. A political consensus in this regard is welcome.
__


Clic here to read the story from its source.