Gd Topic Essay

1350 WordsDec 4, 20116 Pages
The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would use to create 2Gsubscriptions for cell phones. The shortfall between the money collected and the money which the law mandated to be collected is estimated to be 1.76 lakh crore (1.763 trillion) rupees (roughly equivalent to 39 billion US dollars) based on 3G auction prices. The issuing of licenses occurred in 2008, but the scam came to public notice when the Indian Income Tax Department was investigating political lobbyist Nira Radia. Politicians involved ▪ A. Raja - the Minister of Communications and Information Technology who sold the licenses ▪ M. K. Kanimozhi - Rajya Sabha MP ▪ P. Chidambaram - The Then Minister of Finance and current Minister of Home Affairs - alleged to be involved with A. Raja in spectrum pricing and equity dilution by telecom operators that received spectrum Bureaucrats involved ▪ Siddharth Behura - Former Telecom Secretary ▪ RK Chandolia - Raja's private secretary Corporations accused ▪ Unitech Group a real estate company entering the telecom industry with its 2G bid; sold 60% of its company stake at huge profit to Telenor after buying licensing ▪ Swan Telecom sold 45% of its company stake at huge profit to Emirates Telecommunications Corporation (Etisalat) after buying licensing ▪ Loop Mobile ▪ Videocon Telecommunications Limited ▪ S Tel ▪ Reliance Communications Media persons accused ▪ Nira Radia, a corporate lobbyist whose conversations with politicians and corporate entities were recorded by the government and leaked creating the Nira Radia tapes controversy ▪ Barkha Dutt, an NDTV journalist alleged to have lobbied for A. Raja's appointment as minister ▪ Vir Sanghvi, a Hindustan Times editor alleged to have edited articles to

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