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March 29, 2013

2g Scam

In India, the menace of corruption is evident from a gigantic time. The Ketan Parekhs Securities con in 2001,Navy war room fleck scandal 2006,cash for vote scandal 2008, Madhu Koda mining purloin 2009,Commonwealth games scam 2010 are just a sm alto packher tend of large-mouthed scandals in recent years but the actual list cant be quantified here. The problem of Corruption is likewise evident from the Transparency Internationals Corruption intelligence Index, in which India ranked 95th out of 178 countries.

The latest and the biggest of all scandals had surfaced in 2010 as 2G Spectrum scam, when CAG showed large-scale irregularities in the spectrum allocation. As per engage CAG report placed before Supreme Court, the 2G Spectrum scandal pertain undercharging mobile telephony companies for frequency allocation licenses and the short parentage of money is estimated to be Rs. 176,645 Corore. The main person accused of this scam was the then Telecom Minister Mr. A Raja. It is also believed that Mr. P Chidambaram, the than Finance Minister, also favored Telecom Minister in the scam. The Janta Party chief Mr. Subramanian Swamy deposed against Mr. Chidambaram in a Delhi court to seek his alleged complicity in the 2G spectrum scam.

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Swamy alleged that Chidambaram was involved in freehand licenses on 2001 prices and that he endorsed Rajas actions and decisions. Swamy said that he produced before the court documents from CBI that showed Chidambaram gave permission for allowing Unitech and Swan Telecom to sell their equity to Norways Telenor and UAE-based Etisalat respectively. He added that Chidambaram disregarded a stand ministry advisory and allowed the foreign companies to buy in the Indian companies, conciliatory national security. The Delhi court on 04 Feb 2012 dismissed Mr. swamys supplication to make Chidambaram a co-accused in the 2g case. However, Mr. Swamy has cleared that he leave alone go to the higher court to seek out the matter.

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