Promoters of Essar Group and Loop Telecom were today granted bail by a Delhi court in connection with a case arising out of the 2G spectrum allocation scam. Essar group promoters Ravi Ruia and Anshuman Ruia and Loop Telecom promoters I P Khaitan and Kiran Khaitan, besides Essar group Director Vikash Saraf were directed by the court to furnish personal bail bond of Rs five lakh each and two sureities of like amount.

Special Judge O P Saini also fixed July 26 to commence the trial against them by framing charges of conspiracy to cheat the government. While the court said that all the accused were charged with the offence under Section 120 B (criminal conspiracy)read with ection 420 (cheating) of IPC, substantial charge of cheating was made out against Saraf.

The court on May 11 had reserved the order on the framing of charges against the eight accused, including three companies- Loop Telecom Pvt Ltd, Loop Mobile India Ltd and
Essar Teleholdings Ltd.