Shahid Usman Balwa-promoted Swan Telecom Pvt Ltd, accused in the 2G spectrum case, was

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incorporated by the employees of Reliance Infrastructure Ltd or its Group companies, a prosecution witness today told a Delhi court.

Ashish Tambawala, senior Executive Vice President (Accounts and Finance) Reliance Infrastructure Ltd, said Giraffe Consultancy Services (P) Ltd, Zebra Consultants (P) Ltd, Parrot Consultants (P) Ltd, Swan Capital (P) Ltd and Tiger Traders (P) Ltd, all alleged associates of Reliance ADA Group, were incorporated by the officials of his firm.

"It is correct that the aforesaid five companies (Swan Capital (P) Ltd, Tiger Traders (P) Ltd, Giraffe Consultancy Services (P) Ltd, Zebra Consultants (P) Ltd and Parrot Consultants (P) Ltd) were got incorporated by the employees of Reliance Infrastructure Limited or its group companies.

"It is also correct that the process of opening of bank accounts of aforesaid five companies was started by Ramesh Shenoy, Company Secretary of Reliance Infrastructure Ltd," he told Special CBI Judge O P Saini.