An Indian court on Tuesday rejected for the second time the bail application of Shahid Balwa, the vice chairman of Etisalat's Indian arm, who is charged in the country's biggest corruption scandal.
Balwa is accused, along with others, of rigging a 2007/08 grant of lucrative telecoms licences, causing a loss of as much as $39 billion to the state coffers, a sum equivalent to the defence budget.
"Bail applications are without merit and the same are dismissed," Judge O.P. Saini said in his order.
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