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
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