13. BENEFICIARIES Unitech (now Uninor) Datacom (now Videocon) Swan (now Etisalat) Shyam (now SistemaShyam) S Tel Loop Telecom
14. Allianz Infratech Reliance Communication Tata Communication Out of the above-mentioned companies, six of them were given mobile permits despite not meeting the eligibility criteria.
15. KEY INVOLVED Former Telecom Minister, A. Raja Leader of Opposition , ArunJaitley NiraRadia, a corporate activist whose conversations with politicians and corporate entities were recorded by the government was leaked. BarkhaDutt, an NDTV journalist alleged to have supported A. Raja's appointment. VirSanghvi, Hindustan Times editor alleged to have edited articles to reduce the blame in the NiraRadia tapes.
16. IMPACT OF THE SCAM A standoff between UPA and the Opposition in the Winter session of the Parliament causing an additional loss of Rs.146 crore. The Exchequer suffered a loss of Rs. 60,000 crore. Principle of first come first served basis.
17. Parties who acquired the licenses sold their shares with a huge profit margin. Government was left with only one-sixth of the falsely created bid. Loss of Rs.10,000 crore to the exchequer on Swan and Unitech licenses alone.
18. FACTS AND FIGURES Swan Telecom sold 45% of its stake to UAE’s Telecom operator Etisalat at $900 million. Unitech paid only 1651 crore as the license fees and later sold 60% of its stake to Norway’s Telenor. The exchequer overall suffered a loss of Rs. 60,000 crore.
19. LIMITATIONS With regard to the involvement of bureaucrats and media, it does not go deep into the leakage of the well-known radio tapes. It does not analyze the facts of the scam which the Government has not disclosed yet.
20. CONCLUSION Adverse effect on Economy. Slowdown in Equity Investments. Lack of transparency creating speculations. Dip in revenue by 40% in 2010.
21. JPC Probe Effective Judicial Decisions Tribunal of CBI and TRAI authorities Cancel of all licenses and rebidding Temporary suspension of powers of authorities involved. RECCOMENDATIONS