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India's biggest real estate developer based in Mumbai DB Realty Limited is a real estate industry leader that builds residential, commercial and gated community developments. Company's existing product portfolio ranges from upscale buildings, lavish villas and some of the most elite malls

Incorporated as a public limited company on January 8, 2007 Received a fresh certificate of incorporation on July 9, 2007 was converted to a public company and the name was change to D B Realty Limited Changes in the Registered Office

Entrepreneur based in Mumbai, Maharashtra, India One of the Promoters of Mumbai-based DB Group which runs DB Realty India's 3rd largest realtor, DB Hospitality and Swan Telecom (now Etisalat DB Telecom). Involved in 2g scam

MD DB Realty is an Indian billionaire real-estate developer and co-founder of DB Realty. Been in the real estate business for the last 25 years and is a mentor to the Dynamix Balwa Group. Under his leadership, DB Realty was listed on both the National Stock Exchange and Bombay Stock Exchange in 2010.

MR. A RAJA

MUTHUVEL KARUNANIDHI

2G signifies second-generation wireless digital technology 2G networks saw their first commercial light of day on the GSM standard 2G on GSM standards first used in commercial practice in 1991 by Radiolinja, which was a Finnish GSM operator founded on Sept. 19, 1988

CHEAP TELECOM LICENSES NO PROCEDURES FOLLOWED FAVOURITISM, CORPORATES ENCASH PREMIUM OTHERS IN THE NET THE ROLE OF KALAIGNAR TV

NAME

CHARGES

1.S.Behura Former telecom secretary who served in the DOT at the time of the 2G allocation.

2.Pradip Baijal

A bureaucrat who is alleged to have implemented policies that favored certain Telecom companies when he was heading the TRAI.

Name 1.Nira Radia

Allegation

A former airline entrepreneur turned corporate lobbyist whose conversations with politicians & corporate entities were recorded by govt authorities & leaked . An NDTV journalist alleged to have lobbied for A. Raja's appointment as minister.

2.Barkha Dutta

3.Vir Sangavi

A Hindustan Times editor alleged to have edited articles to reduce blame in the Nira Radia tapes.

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Unitech Group Swan Telecom: Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) Sistema Mobile Russia Tata Communications Dish net Wireless

DB's name first cropped up in the 2G spectrum allocation scam flouted norms to allocate 2G licences to companies like Swan Telecom (now Etisalat DB) and Unitech Wireless DB's promoters also diversified into the telecom sector and bagged 2G licences, for Rs 1,537 crore (Rs billion), to operate in 15 circles. They sold 45 per cent stake in telecom venture Swan Telecom to UAE-based Etisalat for nearly Rs 4,200 crore

Swan had given false certificates and its application did not conform with requirements for UASL CAG said Swan was also given spectrum in Punjab circle, even as it was fourth in the priority list. The promoters later sold 45 per cent stake in Swan for Rs 4,200 crore (Rs 42 billion) while the company had acquired licences for Rs 1,537 crore email interview with Business Standard earlier, DB's Balwa had denied that DB Realty had any direct or indirect shareholding in Etisalat DB.

The promoters and Etisalat DB have shared all data/information and documents relating to the grant of licences with the government agencies When investigating agencies were reported to be probing the Rs 214-crore (Rs 2.14 billion) loan given by Dynamix Realty A subsidiary of DB Realty, to Kalaignar TV, which had Tamil Nadu Chief Minister M Karunanidhi's wife M K Dayalu and daughter Kanimozhi as major investors, in a three-step deal

The reports said that Dynamix Realty, a firm owned 99 per cent by DB Realty, transferred Rs 209 crore (Rs 2.09 billion) in unsecured loans to Kusegaon Realty Pvt Ltd. Then, Kusegaon Realty invested Rs 206 crore (Rs 2.06 billion) in Cineyug Films. Finally, Cineyug gave Rs 214.8 crore (Rs 2.148 billion) as advances to Kalaignar TV in 2009-10. DB Realty has denied giving any loans to KTV and having any association with Cineyug or KTV,

After the arrest of Balwa , DB Realty issued a statement saying: "These developments will not affect the functioning of DB Realty in any manner whatsoever. DB Realty will continue its business in the normal course along with the top-tier team, under the guidance of the company's board.

Three different methods to assess the presumptive loss to the exchequer resulting from not auctioning 2g spectrum The first method was based on the fact that S Tel The second method was based on the price recovered by the 3G auction in 2010 The third method was based on the fact that some of the licensees received FDI in the form of equity, shortly after the spectrum allocation.

Post 2G, DB Realty finds its projects scrapped, delayed 2G scam: ED likely to attach DB Realty's assets 2G scam: DB Realty appoints Shahid Balwa's father on board

In January 2008, Department of Telecommunications issued 120 new licenses for unified access services Were issued at price which had been discovered in 2001. Issuance of 120 licenses in just one day and at a price discovered in 2001 has drawn the attention of Media, Parliament and informed members

The claim in each such reference is that ineligible applicants seem to have been granted licenses and at a price which appeared far below what has been perceived to be the appropriate market price in 2008. It was in this context that this department felt that there was a sufficient justification to review the entire process of issuance of licenses, award of spectrum and the implementation of the UAS regime

Gaps in policy implementation Telecom commission was not consulted Views and concerns of ministry of finance overruled Advise of ministry of law and justice were ignored Honorable prime ministers suggestions were not followed

Arbitrary changes by DoT in the cutoff date

Issue of license to ineligible applicants

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Greed of a single person overpowering rational functioning of entire department. Vested interests of various politicians, corporate and media. Loop Holes and Irregularities in Existing Policies. Strong Nexus between the Media and Corporate. Ignorance Shown by the Law Ministry, the Finance Ministry and even the Prime Minister.

Major concern for telecom sector which was beginning to get competitive in the Indian economy. Many leading companies were a part of the 2G spectrum scam of which were certain reputed names The scam has badly bruised the image of Indian telecom and the government in international investor circles Whenever a scam of this sort happens, the entire industry is pulled down on the stock markets and firms go down with the slump.

The first casualty in Stock Markets once Raja was arrested was DB Realty. Sun TV had its shares fall by 10%.Sun TV COO refused the allegations. Swan Telecom Chief Balwa was arrested on Feb 8 and this led to rumors of links with Anil Ambani's Reliance ADAG and it led to 20% fall of his stocks Spice jets Stocks went down after reports of investigation on Maran's recent takeover of Spice jet.