Here’s everything about the 2G scam you must know - The Fearless Indian
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Here’s everything about the 2G scam you must know

  • Mrinalini Singh
  • December 21, 2017
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The verdict for the 2G scam, regarded as one of the biggest scams of Independent India, will be pronounced today by a special Central Bureau of Investigation court, almost after a six-year trial. CBI court will decide the fate of former telecom minister A Raja, DMK MP Kanimozhi and others named in the 2G spectrum allocation which stunned the nation during the previous UPA rule led by Prime Minister Dr. Manmohan Singh. The scam, suspected to cause the exchequer a huge loss of Rs 1. 76 lakh crore.

The verdict will be pronounced at a special court set up at Delhi’s Patiala House court. Judge OP Saini has been hearing two different cases related to 2G spectrum allocation and concluded the final arguments on April 26, 2017. After the entire investigations in the case, the CBI filed a staggering a huge 80,000-page chargesheet, naming 17 persons in the scam.

Here is information about the huge scam which you must know:

  • It is believed to be the biggest scam in the history of Independent India, the scam, connected to an allocation of 2G spectrum to cellphone service provider firms, caused a loss of millions to the state exchequer.
  • According to the November 2010 report, Comptroller and Auditor General (CAG) of India, Vinod Rai, estimated loss was of around Rs 1.76 lakh crore.
  • In his report, Rai underlined that the telecom ministry under A Raja changed several ruled and eligibility criteria to help his fellow telecom firms who applied for 2G spectrum.
  • The report also had said that 2G licenses were issued to telecom operators at throwaway prices cause a massive loss to the state exchequer. As per the report, licenses were issued to ineligible applicants who had intentionally restrained facts, revealed incomplete information.
  • The then Telecom Minister A Raja of the DMK became the face of the scam between allegations that he angled the rules of the auction to benefit a few and selective telecom players.
  • Among others accused of complicity in the scam are DMK Rajya member Kanimozhi and party chief M Karunanidhi’s wife Dayalu Ammal.
  • Also, the Enforcement Directorate has filed a separate case related to money laundering stating that a conspiracy was hatched by Kanimozhi, Raja, Ammal and others and that an amount Rs 200 crore was the proceeds of the crime.

We hope that the honourable court will be doing justice with this conspiracy.  

 

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