Scribd Logo
Upload

Welcome to Scribd!

  • 85 views

    2g Scam

    Uploaded by

    Katharine Parker
    This document discusses the 2G spectrum scam that occurred in India. It provides background on 2G technology and outlines how telecom licenses were illegally issued below market prices, resulting in an estimated loss of 1.76 lakh crore rupees to the exchequer. Key figures involved included politician A. Raja and corporate entities like Unitech and Swan Telecom. Investigating agencies like the CBI and CAG were involved, and the scam impacted stock prices and led the government to take steps like arresting Raja and establishing a special CBI branch to investigate.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    2g Scam

    Uploaded by

    Katharine Parker
    85 views16 pages
    This document discusses the 2G spectrum scam that occurred in India. It provides background on 2G technology and outlines how telecom licenses were illegally issued below market prices, resulting in an estimated loss of 1.76 lakh crore rupees to the exchequer. Key figures involved included politician A. Raja and corporate entities like Unitech and Swan Telecom. Investigating agencies like the CBI and CAG were involved, and the scam impacted stock prices and led the government to take steps like arresting Raja and establishing a special CBI branch to investigate.

    Original Description:

    ddsv

    Original Title

    2g scam

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses the 2G spectrum scam that occurred in India. It provides background on 2G technology and outlines how telecom licenses were illegally issued below market prices, resulting in an estimated loss of 1.76 lakh crore rupees to the exchequer. Key figures involved included politician A. Raja and corporate entities like Unitech and Swan Telecom. Investigating agencies like the CBI and CAG were involved, and the scam impacted stock prices and led the government to take steps like arresting Raja and establishing a special CBI branch to investigate.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views16 pages

    2g Scam

    Uploaded by

    Katharine Parker
    This document discusses the 2G spectrum scam that occurred in India. It provides background on 2G technology and outlines how telecom licenses were illegally issued below market prices, resulting in an estimated loss of 1.76 lakh crore rupees to the exchequer. Key figures involved included politician A. Raja and corporate entities like Unitech and Swan Telecom. Investigating agencies like the CBI and CAG were involved, and the scam impacted stock prices and led the government to take steps like arresting Raja and establishing a special CBI branch to investigate.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 16

    Submitted To

    Prof. Daisy Kurien


    Submitted By
    Kamlesh Soniwal
    Pintu Maharana
    Sanjay Thacker
    Zamir khan
    Nitesh Shahu
    Flow of Presentation

    Information about 2G
    Information about 2G Scam
    Parties involved in 2G Scam
    Investigation agencies
    Factor affected by the 2G Scam
    Deficiency of money by the 2G Scam
    Steps taken by the Government after Scam
    Top 10 scam in India...
    1) 2G Spectrum Scam
    2) Commonwealth Games Scam
    3) Satyam Scam
    4) Telgi Scam
    5) Bofors Scam
    6) The Fodder Scam
    7) The Hawala Scandal
    8) IPL Scam
    9) Harshad Mehta Stock Market Scam
    10) Ketan Parekh Stock Market Scam

    Second-Generation Wireless
    Telephone Technology
    Information about



    2G spectrum technology was first launched in 1991 in
    Finland by Radiolinja only in the GSM(Global System
    Mobile Communication) mobile Phone.


    History Of
    Rules and procedure were broken while issuing the
    license
    2G scam is illegally undercharging mobile telecom
    companies for allotting licenses
    This spectrum scam led the government heavy loss of
    Rs. 1.76 lakh crore
    Information about Scam
    Involved in 2G scam
    Persons
    A Raja (Telecom minister)
    M.K. kanimozhi
    Nira Radia
    Arun Jaitley
    Barkha Dutt (Journalist)
    Arun Shourie
    A Raja is born in 26
    th

    oct,1963
    A Raja represents the Nilgiris constituency
    Of tamil nadu in the 15th lok sabha
    A Raja as telecom minister in 2008 allotted
    spectrum to Telecom companies based on 2001
    prices
    M.K. kanimozhi
    She is member of parliament, representing the
    Tamil nadu in the rajay sabha
    Barkha Dutt
    Journalist of an NDTV to have lobbied for A Raja
    appointed as minister
    A Raja
    Persons
    Corporate
    Unitech Group
    Swan Telecom
    Videocon Telecommunication
    Reliance Telecommunication
    Tata communication
    Essar Group
    Corporate
    Unitech Group(Ramesh Chandra)
    It is the second largest estate investment company & has
    recently claimed to be the largest real estate builder in the
    country
    Unitech telecom got license without any prior telecom
    experience

    Swan Telecom(Shahid Balwa)
    Swan telecom got license without any prior telecom
    experience


    Investigation Agencies
    CAG REPORT
    2G license at throwaway price
    No auction, no bids but they used first come & first out
    The presumptive loss caused to the exchanger through
    spectrum allocation to 122 license and 35 duel technologies
    licenses in 2007-08 was Rs. 176645 crore
    Adviser of PM finance minister & law minister ignored by Raja
    Cut off date for license letter advanced arbitrarily by a week
    Licensed issued in 2008, pegged at 2001 prices
    Government revenue 2G Rs. 10772 crore.
    Impact on stock market
    20 % fall in the stock price in the stock
    price of DB realty
    Sun TV had its shares fall by 10%
    DB realty had given 200+ kalaignar TV
    Spice jet stock went down after report
    of investigation
    Swan Telecom Chief Balwa was
    arrested on Feb. 8
    th
    and this Led to
    rumors of links with Anil Ambanis
    Reliance

    A Raja arranged the sale of 2G spectrum license
    below their market value
    Unitech wireless got license for Rs. 1661 crore, sold
    60 % stake for Rs. 6200 crore.
    Swan got license for Rs. 1537 crore, sold 45% stake to
    Etisalat For Rs. 4200 crore
    9 companies purchased licenses and collectively paid
    Rs. 10772 crore
    Deficiency of Money
    Steps Taken by government
    Set up a special branch of CBI to look into
    the matter
    A Raja was also arrested by the police
    Telecom minister resigns his post after scam
    CBI is also interacting with the brothers of
    A Raja & also some business men
    References
    www.wikipedia.org
    www.indianexperss.com
    www.sify.com
    www.indiatoday.com
    www.timesofindia.com
    www.hindustantimes.com

    You might also like