2g spectrum scam

2G SPECTRUM SCAM

WHAT IS SPECTRUM?

WHAT IS 2G 2G is short for second-generation wireless telephone technology.

The wavelength between 800-1900MHz is called 2G spectrum, which is useful for mobile communication technology.

WHAT IS 2G SPECTRUM SCAM

• In 2008,the UPA, issued 122 new telecom licenses to several domestic companies with little or no experience in telecom

sector, and at a price set in 2001. The shortfall between the money collected and the money which the law mandates to be collected is 1.76 lakh crore rupees.

CORPORATION INVOLVED

All the Nine firms

INVESTIGATING AGENCIES

Comptroller and auditor

General of India

Central Bureau of Investigation

Central Vigilance Commission

Directorate of Enforcement

MEDIA PERSONS ACCUSED

CNN IBN senior editor

Nira RadiaA corporate lobbyist

Brkha DuttNDTV jounalist

Vir SardesaiHindustan times editor

THE ROLE OF KALAIGNAR TV

Swan telecom allegedly sent Mr Raja a Rs. 214 crore for Kalaignar TV channel

REASON FOR 2G SCAM

1.Political reason 2.Business reason 3.Media reason 4.Bureaucratic

reason

SHORT FALL OF MONEY

A. Raja arranged the sale of the 2G spectrum licenses below their market value.

The fact that the licenses were quickly resold at a huge profit indicates that the selling agents issued the licenses below market value

Nine companies purchased licenses for Rs. 10,772 crore, The amount of money expected for this licensing by the Comptroller and Auditor General of India was 1,76,700 crore

RECOVERY

CPI(M) has reiterated its demand for cancellation of the licenses of those private Telco's .

Prakash Karat, General Secretary, CPI (M) said “ The Government should cancel these licenses and auction the spectrum so that the revenue lost can be recovered.”

CPI(M) was the first to point out to this biggest scam

in the country in 2008 itself. Its continuous exposal and also of the other opposition parties had compelled the Government to dismiss Communications Minister A.Raja and appointment of JPC to inquire in the matter.

THIS IS WHAT HAPPENS

Submited by:Nivedita Subbaram