Time Magazine has called it the second biggest instance of the abuse of executive power- just a notch below Richard Nixon's Watergate scandal. Exactly ten years back, when the murmurs of wrongdoings were first heard in the corridors of powers in Delhi, the opposition demanded an investigation.
The Government is responsible for such allocation. Raja, which today we all identify as the 2G spectrum scam. There are certain pertinent facts about it which exactly show as to what the scam actually is all about. One thing to be noted is that the loss of Rs.
Nevertheless, the exchequer is 1. The first fallacy that came to light in the procedure of auction was the fact that the frequencies were allotted in the year at prices supposed to be in the year Inthe customer base of mobile phone companies was a mere 4 million, where init grew to a staggering million.
It can be easily concluded that the basic loss that has been incurred has been through this faulty and fraudulent auction.
Taking example of two companies, one Unitech and the other Swan Telecom. This was only the first nail in the coffin.
The number of deliberate inconsistencies that have been played into this matter are alarmingly appalling. Next is the open way in which these companies there are a total of nine in number were unduly favoured.
This was blatantly violated. There was a cut-off date till which the interested companies could apply for licenses citing their particulars and other requisites. This date was preponed arbitrarily and the website of the Department of Telecommunications DoT stated that those who applied between the time So the companies like Unitech and Swan, who allegedly had a tip-off regarding the same amendment to the procedure, kept their documents ready in line, and eventually got the licenses.
Both Unitech and Swan Telecommunications are companies without any prior experience and of these, Swan could not even fulfil the eligibility criteria. But still, both were preferred.
The first question that comes to mind is as to what gratification did the then Telecommunications Minister A. Raja get, and how? The question is not yet answered as clearly and convincingly, but of what is known, he has been said to have received a kickback, or bribe, in simple words, of Rs.
Now here comes the role of Ms. The entire conspiracy behind this scam, is only partly unfolded. Raja might just be a pawn in the army of the lead conspirators.
The myriad of millions that have been lost as a result cannot be said to benefit only Raja.2G spectrum case judgement: What the court said in its verdict Aamir Khan In an unprecedented development, all accused in the three cases related to the 2G spectrum allocation "scam" have been.
While second generation (2G) mobile networks maybe passé with the world waiting for fifth generation (5G) mobile networks to go live, the 2G spectrum allocation scam (popularly known as 2G scam. NEW DELHI: Shares of 2G scam-linked companies rose up to 20 per cent in Thursday's trade after a special CBI court in Delhi acquitted all the accused in the 2G scam case.
Shares of Unitech rallied per cent to close at Rs on BSE. The Lifecycle of a Revolution. In the early days of the public internet, we believed that we were helping build something totally new, a world that would leave behind the shackles of age, of race, of gender, of class, even of law.
A special court is likely to pronounce verdict in the 2G spectrum allocation scam cases on October The six-year-old cases is dubbed as one of the largest scams in the country.
In February , CBI took over the case and filed three partial charge sheets (dated 7 April , 24 November , and 7 January ), over the course of the year.
Analysts in India have termed the Satyam scandal India's own Enron scandal.