2 G Scam

3,681 views
3,556 views

Published on

Published in: Business, News & Politics
1 Comment
1 Like
Statistics
Notes
No Downloads
Views
Total views
3,681
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
375
Comments
1
Likes
1
Embeds 0
No embeds

No notes for slide

2 G Scam

  1. 1. 2G SCAMSUBMITTED TO SUBMITTED BYBRIG P.K. HOOGAN ARSH KOUL ISHNEET
  2. 2. WHAT IS 2G 2G means second-generation wireless telephone technology. Second generation 2G cellular telecom networks were commercially launched on the GSM standard in Finland in 1991. 2G introduced data services for mobile, starting with SMS text messages.
  3. 3. WHAT IS 2G SCAM 2G licenses issued to private telecom players at throwaway prices in 2008 Spectrum scam has cost loss to the government Rs. 1.76 Lakh crore Rules and procedures flouted while issuing licenses.
  4. 4. WHO CAUSED IT? The then telecom minister Andimuthu Raja caused the 2G scam A Raja caused the loss of $40 billion to the Government by selling the Licenses of network to the private players without following any rules and regulations.
  5. 5. ALLEGATIONSCHEAP TELECOM LICENCES Rules changed after the game 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
  6. 6. FAVOURITISM, CORPORATES ENCASHPREMIUM 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 forRs.1 537 crore, sold 45% stake to Etisalat for Rs.4 200 crore UnitechWireless got license for Rs.1661 crore, sold 60% stake for Rs.6 200 crore All nine companies paid Dot only Rs.10,772 crore for 2G licences
  7. 7. REPORTS Telecom secretary Dinesh Kumar Mathur has told the CBI that despite being the top most officer in the DoT he was completely unaware of two controversial letters Raja wrote to Manmohan Singh endorsing his 2G allocation policy.
  8. 8. PEOPLE INVOLVED Kanimozhi who was named as co-conspirator with A Raja Shahid Balwa the promoter of the swan telecom who according to CBI had central role in this scam Unitech chief Sanjay Chandra who was involved for cheating Three top senior executives of ADAG : Mr Gautam Doshi , Mr Hari Nair , Mr Surendra Pipri
  9. 9.  Former telecom secretory Siddarth Behura who shut the counters for other telecom players At the last Mr R.K.Chandolia who was the personal secretary of Raja . All of them have either been question by the CBI or are prospective suspects in the scam
  10. 10. A RAJA SHAHID KANIMOZHI BALWAR K CANDOLIA SIDDARTH NEERA RADIA BEHRUA
  11. 11. COMPANIES INVOLVED Allianz Infra Aircel Dishnet Wireless Loop Mobile Sistema Shyam Mobile (MTS) – Sistema Mobile Russia Reliance Communications S Tel Swan Telecom Tata Tele Services Unitech Group Videocon Telecommunications Limited Vodafone Essar Virgin Mobile India
  12. 12. MEDIA PERSON INVOLVED Neera Radia, a former airline entrepreneur turned corporate lobbyist whose conversations with politicians and corporate entities were recorded by the government authorities. The contents were later leaked by unknown parties creating the Nira Radia tapes controversy Barkha Dutt, a journalist who works with NDTV also was involved in the lobbying of ministers in the government, but was not given any coverage or publicity in this matter by her fellow colleagues Vir Sanghvi, a Hindustan Times editor alleged to have edited articles to reduce blame in the Nira Radia tapes
  13. 13. EFFECTS The investor sentiment has been negative and telecom stocks plunged in India. The other side of the argument is that the telecom sector is seeing a lot of growth opportunities and going ahead there will be multiple avenues for the telecom service providers to boost their revenues.
  14. 14.  The telecom companies are now looking at data services to enhance their market share and voice services will eventually become a matter of complimentary services. The advent of 3G has also considerably lifted investor interests in the stocks and there is a hope that innovative business models and VAS will be the game changers for the telecom stocks
  15. 15. REMEDIAL MEASURESGovernment of India take some important steps looking forward in this Scam: € Set up a special branch of CBI to look into the matter. Telecom Minister resigns his post after Scam. € A Raja also arrested by the Police CBI is also interacting with the brothers of A Raja and also some business men
  16. 16. MATERIAL METHOD 1. INCOME TAX 2. ED1. AUDIT2. DOCUMENTATION 2G SCAM 1. CAG MANAGEMENT + MANPOWER
  17. 17. INDIA IN WORLDS EYE Poor Administration of India is just because of the poor political leaders of our country. € They used to do some unofficial work for the sake of money, this makes Administration of India weaker. € This is not the only example which makes Administration of India affected badly there are lots of other factors which makes it worse
  18. 18. TOTAL AMOUNT WITH A RAJA AS PER THE REPORTS OF CBI, A.RAJA HAS GOT 7 800 CRORE IN HIS SWISS BANK 4 ACCOUNTS

×