News Desk: The special CBI court on Friday granted bail to five accused of Essar and Loop promoters in the massive 2G spectrum allocation scam. However, all the accused were charged with conspiracy and cheating in the case.


While Essar promoters Ravi and Anshuman Ruia, and Loop Telecom's Kiran Khaitan and IP Khaitan have been charged with conspiracy, Essar's Director for Strategy and Planning Vikash Saraf has been charged with cheating and conspiracy in the 2G case.


The court granted them bail on a surety bond of Rs 5 lakh each.  


CBI counsel A K Singh said that Loop Telecom played "hide and seek" with the Department of Telecom (DoT) and did not reveal the DoT about its relationship with Essar Group.  


He alleged that Loop Telecom had not filed the clause 8 (of the Unified Access Services Licences guidelines) certificate, which was mandatory to submit at the time of filing the application for the spectrum. Further, when it was asked to file the certificate for the spectrum, the company submitted it with incomplete information.


The allegations show that Loop was concealing vital information about its relationship with Essar group.

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