What is 2G Spectrum Scam ? (A.Raja)




The Drama charged up both Delhi as well as Tamil Nadu from the 
Day of 2G Bidding till the Telecom Minister A.Raja's Leave.

So, What Exactly is 2G Spectrum Scam ?







WHAT IS 2G Spectrum SCAM?
  • 2G licenses issued to private telecom companies at Very Less prices in 2008.
  • CAG (Comptroller and Auditor General) Says 2G Spectrum scam has cost the government Rs. 1.76 Lakh crore & Rules and procedures flouted while issuing licenses 


CHARGES ON FORMER TELECOM MINISTER A.RAJA? 

CHEAP TELECOM LICENCE
  •  Entry fee for spectrum licenses in 2008 given at 2001 price.
  •  Mobile subscriber base had shot up to 350 million in 2008 from 4 million in 2001
 

 PROCEDURES WERE NOT FOLLOWED


  • Rules changed after the Bid had begun
  • Cut-off date for applications advanced by a week
  • Licenses issued on a first-come-first-served basis
  • No proper auction process followed, no bids invited
  • Raja ignored advice of TRAI, Law Ministry, Finance Ministry
  • TRAI had recommended auctioning of spectrum at market rates.
 RULES BROKEN

  • Companies Unitech, Swan Telecom got licenses without any prior telecom experience.
  • Swan Telecom given license even though it did not meet eligibility criteria.
  • Swan got license for Rs.1537 crore, sold 45% stake to Etisalat for Rs. 4200 crore
  • Unitech Wireless got license for Rs. 1661 crore, sold 60% stake for Rs. 6200 crore
  • All nine companies paid DoT (Department of Telecom) only Rs. 10,772 crore for 2G licences
Courtsey:NDTV




Share your views...

2 Respones to "What is 2G Spectrum Scam ? (A.Raja)"

Mohit said...

Is Swan Reliance's Dummy co-orporation.

& Why is Ratan Tata is involved in this case...????


December 3, 2010 at 1:06 PM
Akash said...

@Mohit, that's because Ratan Tata just was being interviewed by Niira Radia, who handles corporate communication for the group, and that whole convesation was leaked and now tata is telling, that he may move to supreme court for this leak reason.

he also said, that he has no issues with investigation of 2g scam


December 3, 2010 at 6:49 PM

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