2G SPECTRUM SCAM

The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation license, which they would use to create 2G subscriptions for cell phones. The shortfall between the money collected and the money which the law mandated to be collected is estimated to be rs.176,645 crore(US$35.24 billion)as valued by COMPTROLLER AND AUDITOR GENERAL OF INDIA based on 3G and BWA spectrum auction prices which held in 2010. However the exact loss is disputed. In a charges sheet filed on 2 April 2011 by the investigating agency CENTRAL BUREAU OF INVESTIGATION(CBI),the agency pegged the loss at rs.30,984.55 crore(US$6.18 billion) whereas TELECOM REGULATORY AUTHORITY OF INDIA says that the govt has actually gained rs.3,000 crore(US$598.5 million) by selling the spectrum. Similarly KAPIL SIBAL,MINISTER OF COMMUNICATIONS AND IT said in 2011during a press conference that no loss was caused by selling 2G licenses. All the speculations of profit,loss and no loss were put to rest on 2 february 2012 when the SUPREME COURT OF INDIA delivered judgement on a public interest litigation which was directly related to the 2G spectrum scam. The supreme court declared allotment of spectrum as unconstitutional and arbitraryand quashed all the 122 license issued in 2008 during the tenure of A.Raja (then minister of communication and IT) the main accuse in the 2G scam case.The court further said that A.Raja" wanted to favour some companies at the cost of the public exchequer The issuing of liscense occurred in 2008 but the scam come to public notice when the Indian Income Tax Department was investigating political lobbyist NIRA RADIA. Much of the credit of bringing this whole scam into public light goes to Subramanian Swamy who is the chief petitioner for this case in the court of law.

Parties accused of involvement

The selling of the licenses brought attention to three groups of entities politicians and bureaucrats who had the authority to sell licenses, corporations who were buying the licenses and media professionals who mediated between the politicians and the corporations. POLITICIANS ACCUSED 1.A RAJA:2.M.K.KANIMOZI BUREAUCRATS ACCUSED 1.SIDDHARTH BOHRA

2. RK CHANDOLIA CORPORATES EXECUTIVES ACCUSED 1. SANJAY CHANDRA:-FORMER MD UNITECH WIRELESS 2. GAUTAM DOSHI:-GROUP MD, RELIANCE ANIL DHIRUBHAI AMBANI GROUP 3. HARI NAIR: SENIOR VICE-PRESIDENT RELIANCE ANIL DHIRUBHAI AMBANI GROUP 4. SURENDRA PIPARA: SENIOR VICE PRESIDENT RELIANCE ANIL DHIRUBHAI AMBANI GROUP 5. VINOD GOENKA:PROMOTER AND MD ,DB REALTY AND SWAN TELECOM 6. SHAHID BALWA: PROMOTER, DB REALTY AND SWAN TELECOM 7. ASIF BALWA(YOUNGER BRO OF SHAHID BALWA) 8. RAJIV AGRAVAL 9. SHARATH KUMAR 10. RAVI RUIA 11. ANSHUMAN RUIA 12. VIKAS SARAF 13.JP KHAITAN 14.KIRAN KHAITAN FILM ND ENTERTAINMENT PERSONS ACCUSED 1. KARIM MORANI CHRONOLOGY OF EVENTS AND INVESTIGATION