2 g scam in india
Post on 22-Jul-2015
32 Views
Preview:
TRANSCRIPT
Scam in India
Presented by Samsor Sayed
Akmal Sediqi
Pankaj Sharma
Lalit Kumar
Anirod Kumar
Akshay Sharma
Class : BBA 4th term Section A
Subject : Corporate Law
Index
o Introduction
o Corporations which got license
o Corporations sold their licenses
o Accused Politicians
o Role of Subramanian Swamy
in exposing 2G spectrum scam
o Responses to Scam
o Conclusion
3 - 4
5 – 7
8
9
10
11 - 13
14
2
2GScam
Slide number
2G Scam • The 2G spectrum scam involved politicians and government
officials in India illegally undercharging Telecommunication companies for frequency allocation licenses .
3
2G Scam
• Press release by A Raja minister of telecommunication on 24/Sep/2007
• Deadline for accepting License applications from 25/Sep/2007 to 01 /Oct/2007
• Second announcement on 10/Jan/2008
4
Corporations which got license
5
Corporations which got license
6
Corporations which got license
7
Corporations sold their licenses
8
Accused Politicians
• A. Raja former Union Cabinet
Minister for Environment and Forests (2004)
Minister of Communication and Information Technology (2007 and 2009)
• M. K. Kanimozhi
Member of Parliament representing Tamil Nadu
• Pramod Mahajan
Member of Parliament
General secretary in BJP party
9
Role of Subramanian Swamyin exposing 2G spectrum scam
• In November 2008, Subramanian Swamy wrote the first of five letters to Prime Minister Manmohan Singh seeking permission to prosecute A.Raja
• Subramanian Swamy An Indian politician from the state of
Tamil Nadu
He was President of Janata party
Former Cabinet minister
10
Responses to Scam
●In early November 2010 Jayalalithaa accused the Tamil Nadu state chief minister M Karunanidhi of protecting A.Raja from corruption charges and called for A. Raja's resignation. By mid November A.Raja resigned.
●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 all of the 85 licenses granted to these companies were illegal.
● It was speculated that because these companies provide some consumer service, they would receive large fines but retain their licenses
11
Responses to Scam
• Supreme Court ruling of 2 February 2012 that the actions of Raja and officers at the Department of Telecom were "wholly arbitrary, capricious and contrary to the public interest, apart from being violative of the doctrine of equality.
12
Responses to Scam
●The CBI conducted raids on Raja and four other telecom
officials
●- former telecom secretary Siddharth Behura,
● Raja's personal secretary R K Chandolia,
● member of telecom K Sridhar and
● DoT deputy director general A K Srivastava on 8 December
2010.
●Raja, Behura and Chandolia were arrested on Feb 2nd 2011.
13
Conclusion
• Adverse effect on reputation of the country
• Adverse effect on Economy.
• Corruption, bribe and misuse of power
• Lack of transparency creating speculations.
• Dip in revenue by 40% in 2010.
• Media who should have exposed the big people involved in the scam.
• Effective and strict judicial decision.
14
References
15
Thanks for your attention
16
top related