2G scam: Bail hearing to resume on Wednesday

NEW DELHI, INDIA: India's India's Delhi High Court will resume hearing on Wednesday bail applications of five company executives charged in the country's largest corruption scandal, two defence lawyers said on Monday.

Sanjay Chandra, the managing director of Telenor's India partner Unitech , Vinod Goenka, a director of Etisalat's India partner, and three executives from the Reliance ADA Group have been held in jail, pending trial, after a lower court denied them bail on April 20.

The five executives are among those charged by CBI of involvement in rigging the grant of lucrative telecoms licences and radio spectrum during 2007-08.

The flawed process may have cost the state coffers as much as Rs 1.76 lakh crore in lost revenue, a state auditor had said on Monday.