2g spectrum scam - f.y.b.a.f
TRANSCRIPT
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 122
SCAM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 222
Contents bull About 2G
bull What is 2G spectrum scam
bull Who are Involved
bull Media Response
bull Market Response
bull Steps Taken by Govt
bull Political Response to Scam
bull Conclusion amp Your Thoughts
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 322
What is 2G
bull bdquo2G‟ means ldquoSecond -Generation Wireless Telephone Technologyrdquo
bull 2G is relatively new technology in the field of mobile
bull 2G is not just a network but a good technology
bull 2G was the revolutionary technology in their time
it comes with some more benefits
1 SMS facility was first started with network
2 Safe for the use means security level was high3 Environmental conditions was very good for this network amp no
network shortage was there
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 422
History of 2G
bull 2G technology was first launched in 1991 in
Finland only in the GSM mobile phones but thisis not the latest technology that we are using
bull
As 2G was launched in 1991 so many othertechnologies overcome it with 25G 275Gtechnologies but the latest technology in India is3G
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 522
bullThe 2G spectrum scam involved officials and ministers in theGovernment of India illegally
bull
According to a report submitted by the CAG
bull The issuing of the 2G licenses occurred in 2008 but the scamcame to public notice when the Indian Income Tax Departmentinvestigated political lobbyist Nira Radia and the Supreme Courtof India took Subramaniam Swamys complaints on record
What do you mean by 2G scaM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 622
bullAndimuthu Raja (Born May 10 1963 Perambalur Tamil Nadu India)was an Indian politician from the Dravida Munnetra Kazhagam(DMK)political party
bullHe was a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu
bullIn 2009 he was appointed as cabinet minister for communication andinformation technology until being tainted in the 2G spectrum scamand resigning in 2010
Who is this Person
One of the main person behind theIndia‟s Largest Corporate Fraud
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 222
Contents bull About 2G
bull What is 2G spectrum scam
bull Who are Involved
bull Media Response
bull Market Response
bull Steps Taken by Govt
bull Political Response to Scam
bull Conclusion amp Your Thoughts
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 322
What is 2G
bull bdquo2G‟ means ldquoSecond -Generation Wireless Telephone Technologyrdquo
bull 2G is relatively new technology in the field of mobile
bull 2G is not just a network but a good technology
bull 2G was the revolutionary technology in their time
it comes with some more benefits
1 SMS facility was first started with network
2 Safe for the use means security level was high3 Environmental conditions was very good for this network amp no
network shortage was there
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 422
History of 2G
bull 2G technology was first launched in 1991 in
Finland only in the GSM mobile phones but thisis not the latest technology that we are using
bull
As 2G was launched in 1991 so many othertechnologies overcome it with 25G 275Gtechnologies but the latest technology in India is3G
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 522
bullThe 2G spectrum scam involved officials and ministers in theGovernment of India illegally
bull
According to a report submitted by the CAG
bull The issuing of the 2G licenses occurred in 2008 but the scamcame to public notice when the Indian Income Tax Departmentinvestigated political lobbyist Nira Radia and the Supreme Courtof India took Subramaniam Swamys complaints on record
What do you mean by 2G scaM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 622
bullAndimuthu Raja (Born May 10 1963 Perambalur Tamil Nadu India)was an Indian politician from the Dravida Munnetra Kazhagam(DMK)political party
bullHe was a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu
bullIn 2009 he was appointed as cabinet minister for communication andinformation technology until being tainted in the 2G spectrum scamand resigning in 2010
Who is this Person
One of the main person behind theIndia‟s Largest Corporate Fraud
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 322
What is 2G
bull bdquo2G‟ means ldquoSecond -Generation Wireless Telephone Technologyrdquo
bull 2G is relatively new technology in the field of mobile
bull 2G is not just a network but a good technology
bull 2G was the revolutionary technology in their time
it comes with some more benefits
1 SMS facility was first started with network
2 Safe for the use means security level was high3 Environmental conditions was very good for this network amp no
network shortage was there
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 422
History of 2G
bull 2G technology was first launched in 1991 in
Finland only in the GSM mobile phones but thisis not the latest technology that we are using
bull
As 2G was launched in 1991 so many othertechnologies overcome it with 25G 275Gtechnologies but the latest technology in India is3G
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 522
bullThe 2G spectrum scam involved officials and ministers in theGovernment of India illegally
bull
According to a report submitted by the CAG
bull The issuing of the 2G licenses occurred in 2008 but the scamcame to public notice when the Indian Income Tax Departmentinvestigated political lobbyist Nira Radia and the Supreme Courtof India took Subramaniam Swamys complaints on record
What do you mean by 2G scaM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 622
bullAndimuthu Raja (Born May 10 1963 Perambalur Tamil Nadu India)was an Indian politician from the Dravida Munnetra Kazhagam(DMK)political party
bullHe was a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu
bullIn 2009 he was appointed as cabinet minister for communication andinformation technology until being tainted in the 2G spectrum scamand resigning in 2010
Who is this Person
One of the main person behind theIndia‟s Largest Corporate Fraud
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 422
History of 2G
bull 2G technology was first launched in 1991 in
Finland only in the GSM mobile phones but thisis not the latest technology that we are using
bull
As 2G was launched in 1991 so many othertechnologies overcome it with 25G 275Gtechnologies but the latest technology in India is3G
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 522
bullThe 2G spectrum scam involved officials and ministers in theGovernment of India illegally
bull
According to a report submitted by the CAG
bull The issuing of the 2G licenses occurred in 2008 but the scamcame to public notice when the Indian Income Tax Departmentinvestigated political lobbyist Nira Radia and the Supreme Courtof India took Subramaniam Swamys complaints on record
What do you mean by 2G scaM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 622
bullAndimuthu Raja (Born May 10 1963 Perambalur Tamil Nadu India)was an Indian politician from the Dravida Munnetra Kazhagam(DMK)political party
bullHe was a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu
bullIn 2009 he was appointed as cabinet minister for communication andinformation technology until being tainted in the 2G spectrum scamand resigning in 2010
Who is this Person
One of the main person behind theIndia‟s Largest Corporate Fraud
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 522
bullThe 2G spectrum scam involved officials and ministers in theGovernment of India illegally
bull
According to a report submitted by the CAG
bull The issuing of the 2G licenses occurred in 2008 but the scamcame to public notice when the Indian Income Tax Departmentinvestigated political lobbyist Nira Radia and the Supreme Courtof India took Subramaniam Swamys complaints on record
What do you mean by 2G scaM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 622
bullAndimuthu Raja (Born May 10 1963 Perambalur Tamil Nadu India)was an Indian politician from the Dravida Munnetra Kazhagam(DMK)political party
bullHe was a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu
bullIn 2009 he was appointed as cabinet minister for communication andinformation technology until being tainted in the 2G spectrum scamand resigning in 2010
Who is this Person
One of the main person behind theIndia‟s Largest Corporate Fraud
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 622
bullAndimuthu Raja (Born May 10 1963 Perambalur Tamil Nadu India)was an Indian politician from the Dravida Munnetra Kazhagam(DMK)political party
bullHe was a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu
bullIn 2009 he was appointed as cabinet minister for communication andinformation technology until being tainted in the 2G spectrum scamand resigning in 2010
Who is this Person
One of the main person behind theIndia‟s Largest Corporate Fraud
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 722
WHAT ARE THE CHARGES ON FORMER
TELECOM MINISTER A RAJA
CHEAP TELECOM LICENSES
Entry fee for spectrum licenses in 2008 pegged at 2001 pricesMobile subscriber base had shot up to 350 million in 2008 from4million in 2001
NO PROCEDURES FOLLOWED
bull Rules changed after the game had begunbull Cut-off date for applications advanced by a weekbull Licenses issued on a first-come-first-served basisbull No proper auction process followed no bids invitedbull Raja ignored advice of TRAI (Telecom Regulatory Authority of
India ) Law Ministry Finance Ministrybull TRAI had recommended auctionin of s ectrum at market rates
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 822
bull Unitech Swan Telecom got licenses without any prior telecomexperience
bull Swan Telecom given license even though it did not meet
eligibility criteriabull Swan got license for Rs1537 crore sold 45 stake to Etisalat
for Rs4200 crore
bull Unitech Wireless got license for Rs 1661 crore sold 60 stakefor Rs 6200 crore
bull All companies paid DOT (Department of Telecomm) Deonly Rs10772 crore for 2G licences
FAVOURITISM CORPORATES ENCASH PREMIUM
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 922
Corporate personalities involved
Anil Ambani - Reliance Group (ADAG)Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon GroupPrashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1022
Nira Radia a former airline entrepreneur turnedcorporate lobbyist whose conversations withpoliticians and corporate entities were recorded bythe government authorities and leaked creatingthe ldquoNira Radia tapes controversyrdquo
Media persons and Lobbyists involved
Barkha Dutt an NDTV journalist alleged to havelobbied for ARajas appointment as minister
Vir Sanghvi a Hindustan Times editor allegedto have edited articles to reduce blame in the NiraRadia tapes
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1122
Impact on stock markets
bull The first casualty in Stock Markets once Raja was
arrested was DB Realtybull DB Realty had given 200+ crores to Kalaignar TV
(owned by Karunanidhis Wife)
bull The news led to 20 fall in the stock prices of DB
Realtybull Sun TV had its shares fall by 10 on the next day
following rumours of Kalanidhi Maran having stake inKalaignar TV
bull
Sun TV COO refused the allegations Swan TelecomChief Balwa was arrested on Feb 8 and this led torumours of links with Anil Ambanis Reliance ADAG andit led to 20 fall of his stocks Its reported that nearly2 Billion USD was eroded from his stocks Spicejetstocks went down after reports of investigation on
Marans recent takeover of Spicejet
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1222
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1322
bull
A Raja arranged the sale of the 2G spectrum licenses belowtheir market value
bullSwan Telecom a new company with few assets bought a licensefor 1537 crore (US$33353 million)
bull Shortly thereafter the board sold 45 of the company to Etisalatfor 4200 crore (US$9114 million)
Similarly a company formerly invested in real estateand not telecom the Unitech Group purchased a license for1661 crore (US$36044 million) and the company board soonafter sold a 60 stake in their wireless division for 6200 crore(US$135 billion) to Telenor
Shortfall of money
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1422
Relationship between media
amp
government
Media sources such as OPEN and Outlook reported thatBarkha Dutt and Vir Sanghvi knew that corporate lobbyistNira Radia was influencing the decisions of A Raja Thecritics alleged that Dutt and Sanghvi knew about corruptionbetween the government and the media industry supportedthis corrupt activity and suppressed news reporting thediscovery of the corruption
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1522
bull ARaja (Telecom minister)
bull RK Chandolia
bull PChidambarambull MKKanimozhi
bull Nira Radia
bull
Barka Duttbull Subranmaniam Swamy
Persons involved in 2GSpectrum Scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1622
Unitech Group
A real estate company entering the telecom industry with its 2G bid sold60 of its company stake at huge profit to Telenor after buying licensing(Including land values properties for towers)
Swan TelecomIt sold 45 of its company stake at huge profit to Emirates
Telecommunications Corporation (Etisalat) after buying licensing
Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ndash Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet WirelessAllianz Infra
Corporations involved
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1722
Steps taken by
Government after Scam
bull Set up a special branch of CBI to look into the matter
bull Telecom Minister resigns his post after Scam
bull A Raja also arrested by the Police
bull CBI is also interacting with the brothers of A Raja andalso some business men
Government of India take some important steps looking
forward in this Scan
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1822
Response to scam
bull In early November 2010 Jayalalithaa accused the TamilNadu state chief minister M Karunanidhi of protectingARaja from corruption charges and called for A Rajasresignation By mid November ARaja resigned
bull In mid November the comptroller Vinod Rai issued show-cause notices to Unitech S Tel Loop Mobile Datacom(Videocon) and Etisalat to respond to his assertion that allof the 85 licenses granted to these companies did not have
the up-front capital required at the time of the applicationand were in other ways illegal
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 1922
bull The CBI conducted raids on Raja and four othertelecom officials - former telecom secretarySiddharth Behura Rajas personal secretary R KChandolia member telecom K Sridhar and DoT
deputy director general A K Srivastava on 8December 2010
bull Raja Behura and Chandolia were arrested on Feb2nd 2011
Response to scam
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2022
Corrupted Administration Of India
If we talk about the Administration of India we all must say it is not awell maintained or a well centralized Administration as comparison
to other Asian countries
Poor Administration of India is just because of the poor politicalleaders of our country They used to do some unofficial work for thesake of money this makes Administration of India weaker This isnot the only example which makes Administration of India affected
badly there are lots of other factors which makes it worse
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2122
Credits
FYBAF
bull Zoheb Fazal ( Group Leader) - 12
bull
Asif Shaikh - 19bull Mit Shah - 18
bull Benaifer Bacha - 1
bull Shahi karedia - 4
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you
842019 2G Spectrum Scam - FYBaF
httpslidepdfcomreaderfull2g-spectrum-scam-fybaf 2222
Thank you