Abu Dhabi-based Emirates Telecommunications Corp (Etisalat) has said it has filed a lawsuit against the promoters of Swan Telecom (now Etisalat DB) alleging fraud and misrepresentation. Etisalat in a press statement said it has filed the lawsuit against Shahid Balwa, Vinod Goenka and Majestic Infracon Private Ltd in the Bombay High Court. The UAE-based firm in 2008 had paid USD 900 million for 45 per cent stake in Balwa-promoted Swan Telecom, which was later, renamed Etisalat DB (EDB).

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