CBI reopens Tata Idea case

29 Jun 2012

India’s Central Bureau of Investigations (CBI) has launched an inquiry into the Tata Group to determine whether or not the group violated its licence conditions in 2005-2006. According to Telecom Lead, the CBI investigation follows similar probes conducted by the Ministry of Corporate Affairs (MCA) and sector regulator the Department of Telecommunications centring on earlier allegations that, during that period, Tata had held more than 10% equity in Idea Cellular. Under the terms of its licence, a company is not allowed to hold more than 10% of more than one cellco providing services in a single area.