Sunday, May 22, 2011

2G spectrum scam-The Entire Play

 

WHAT IS SPECTRUM SCAM?
 
2G licenses issued to private telecom players at throwaway prices in 2008
CAG: Spectrum scam has cost the government Rs. 1.76 lakh crore
CAG: Rules and procedures flouted while issuing licenses

WHAT ARE THE CHARGES ON FORMER TELECOM MINISTER A RAJA?
 
CHEAP TELECOM LICENSES
 
Entry fee for spectrum licenses in 2008 pegged at 2001 prices
Mobile subscriber base had shot up to 350 million in 2008 from 4 million in 2001

FAVOURITISM, CORPORATES ENCASH PREMIUM
 
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 R
s. 4200 crore
Unitech Wireless got license for Rs. 1661 crore, sold 60% stake for R
s. 6200 crore
All nine companies paid DoT only Rs. 10,772 crore for 2G licences

OTHERS IN THE SCAM

DMK chief M Karunanidhi's daughter and MP Kanimozhi who has been named by the CBI as a co- conspirator with A Raja
Shahid Balwa, the promoter of Swan Telecom, who the CBI believes had a central role in the 2G spectrum scam. He has been accused of colluding with former Telecom Minister A Raja by allegedly channelizing kickbacks Raja got from the spectrum sale into the real estate


Unitech chief Sanjay Chandra and DB Realty founder Vinod Goenka who have been charge sheeted for cheating and conspiracy
Three senior executives of Anil Ambani controlled ADAG, Gautam Doshi, Hari Nair and Surendra Pipara. All these are currently lodged in Tihar Jail
Former telecom secretary Sidharth Behura, who allegedly shut counters to physically block other telecom companies, faces the same charges as Raja. And so does Raja's Personal Secretary RK Chandolia

THE ROLE OF KALAIGNAR TV

One of the companies named by the CBI in the 2G scam - Swan Telecom - allegedly sent Mr. Raja a Rs. 214-crore kickback that was routed through a maze of companies but rested finally
with Kalaignar TV channel in Chennai that is owned mainly by Kanimozhi and Dayalu Ammal. Together, they have 80% stake in the company. Sharad Kumar, the Managing Director of Kalaignar TV, owns the balance and has also been accused of conspiring with Mr Raja.

A.RAJA ARRESTED

Hours after he was summoned to the CBI headquarters for questioning, former Telecom Minister A Raja was arrested for his alleged role in the 2G spectrum scam.

Mr.Raja's arrest has been seen as a given in political circles for weeks now. He has been interrogated by the CBI four times since December, including on Monday. 

His homes and offices in Tamil Nadu and Delhi have been raided; his diary and computers were seized by the CBI and are likely to be presented against him as evidence.And will be lodged in Delhi's Tihar jail.

KANIMOZHI ARRESTED

DMK MP Kanimozhi Arrested in the 2G spectrum case  on May 7, 2011 by CBI as the bail was not granted. While rejecting their bail petition Judge OP Saini ordered their "forthwith" arrest and directed the duo to appear before it at 10 am on Saturday. Kanimozhi and Kumar will be lodged in Delhi's Tihar jail.

After the judge rejected her bail petition, Kanimozhi looked tensed but said that she expected the order. A Raja's wife walked upto her and comforted her.

She also sought permission from the court to get her reading glasses, books and medicines.

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