13 November 2008

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Is it Another Spectrum Scam Scam amount 60 000 crore.

Is it Another Spectrum Scam Scam amount 60 000 crore.

'For the release of the fourth licence and the spectrum required, the Communications ministry adopted a completely inexplicable principle of 'first come first served' for allocating the licence as well as a licence fee based on 2001 price.

These 2G licences were priced at 2001 levels, allegedly to keep the costs low for the consumers.

'It is now clear from the sale of shares by Swan and Unitech that more than Rs 60,000 crore has been lost to the national exchequer by giving away scarce spectrum at a fraction of the market price

Now lets understand how the corruption was made through example.

1- This is goverment of india property so on the account The ministry must have called open auction .But Ministry thinks the Ministry is there own,licence is there own so they choose the method which will surely make loss.First come First Serve. Do you think selling rights,national property is social service.

2.- The licence was issued to the companies who dont have any experience in the mobile industy or may be limited experience.

3- Very imp point . our ministry sold licence to one company say,assume 1500 crore Now in few weeks this company sold only only 60% shares of this company to international mobile company at a price of 6000 crore .

Hope you got the point its great purchase the licence and sell the licence with great profits.

purchase price is 1500 crore and sell price is 6000 crore so what is net profit.?

Now question is dont you think if the auction was held the goverment of india must have got more than 6000 crores for this licence.

Do you think in your company, your company owner will allow to sell the product on first come first basis when price is not fixed and the product is only available with your company.
Now do you think its big corruption ?

Updated on Wednesday, September 15, 2010 –

SC issues notice to Raja and CBI on 2G spectrum scam –

The petitioner, an NGO, Centre for Public Interest Litigation, through Counsel Prashant Bhushan, said the entire investigation has been effectively scuttled.
He said tapes of conversation between image consultant and PR consultant Nira Radia and telecom minister Raja have been made available with CBI for about nine months. Still, Radia has not been called for questioning.
"Radia is the chief of various companies involved in consulting in telecom, power, aviation and infrastructure.

While entertaining the appeal, the Bench wondered why the CBI on October 21 last year registered a case against "unknown officers of the DoT and unknown private persons/companies" when they had so much evidence about the involvement of people in the alleged scam.

Supreme Court issued notices to CBI and telecom minister A Raja asking them why the apex court should not monitor the ongoing probe in view of the fear that it might be scuttled.

Supreme Court Bench comprising Justices G S Singhvi and A K Ganguly raised queries about the probe and issued notices to the Department of Telecommunications (DoT), Enforcement Directorate (ED) and Directorate General of Income Tax (DGIT).