SCAM

What is 2G?
2G means: Second-Generation Wireless
Telephone Technology

2G is relatively new technology in the field of mobile.

2G is not just a network but a good technology.
2G spectrum was the revolutionary technology in their

time,
it comes with some more benefits.1. SMS facility was first started
with network.
2. Safe for the use, means security level was high.
3. Environmental conditions was very good for this network & no network
shortage was there.

History of 2G

2G spectrum technology was first launched

in 1991 in Finland only in the GSM mobile
phones but this is not the latest technology
that we are using. As 2G was launched in
1991 so many other technologies overcome it
with 2.5G, 2.75G technologies but the latest
technology in present world is 3G.

What do you mean by 2G scaM?

The 2G spectrum scam involved officials and ministers in the
Government of India illegally undercharging mobile telephony
companies for frequency allocation licenses, which they would use
to create 2G subscriptions for cell phones. According to a report
submitted by the Comptroller and Auditor General based on
money collected from 3G licenses, the loss to the exchequer was
176,379 crore (US$38.27 billion). The issuing of the 2G licenses
occurred in 2008, but the scam came to public notice when the
Indian Income Tax Department investigated political lobbyist Niira
Radia and the Supreme Court of India took Subramaniam
Swamy's complaints on record [With Case type:Writ Petition
(Civil),Case No:10, Year:2011]. The case details of the main PIL
filed with the supreme court is Type:Writ Petition (Civil),Case

Who is this Person?

One of the main person behind the
Indias Largest Corporate Fraud.

A. Raja (Born May 10, 1963, Perambalur, Tamil Nadu, India) is an

Indian politician from the Dravida Munnetra Kazhagam(DMK) political
party. He is a member of the 15th Lok Sabha representing the Nilgiris
constituency of Tamil Nadu. Raja was first elected to the Lok Sabha in
1996 and first served as minister of state from 1999 to 2003. On being
re-elected to the Lok Sabha in 2004, he became a cabinet minister in
the UPA government. In 2007, he became cabinet minister for
communication and information technology. On being re-elected in
2009 he was again appointed cabinet minister for communication and
information technology until being tainted in the 2G spectrum scam

Corporate personalities involved

Anil Ambani - Reliance Group (ADAG)

Shahid Balwa - DB Realty and DB Etisalat (Swan Telecom)
Vinod Goenka - Dynamix Group
Venugopal Dhoot - Videocon Group
Prashant Ruia - Essar Group
All of them have either been question by the CBI or are
prospective suspects in the scam.

Media persons and Lobbyists involved

Nira Radia, a former airline entrepreneur turned
corporate lobbyist whose conversations with
politicians and corporate entities were recorded by
the government authorities 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 reduce blame in the Nira
Radia tapes.

Impact on stock markets

The first casualty in Stock Markets once Raja was

arrested was DB Realty.

DB Realty had given 200+ crores to Kalaignar TV

(owned by Karunanidhi's Wife) .

The news led to 20% fall in the stock prices of DB

Realty.

Sun TV had its shares fall by 10% on the next day

following rumours of Kalanidhi Maran having stake in

Kalaignar TV.

Sun TV COO refused the allegations. Swan Telecom

Chief Balwa was arrested on Feb 8 and this led to

rumours of links with Anil Ambani's Reliance ADAG and
it led to 20% fall of his stocks. Its reported that nearly 2

Shortfall of money
A. Raja arranged the sale of the 2G spectrum licenses below their
market value. Swan Telecom, a new company with few assets,
bought a license for 1,537 crore (US$333.53 million). [15] Shortly
thereafter, the board sold 45% of the company to Etisalat for 4,200
crore (US$911.4 million).
Similarly, a company formerly invested in real estate and not
telecom, the Unitech Group, purchased a license for 1,661 crore (
US$360.44 million) and the company board soon after sold a 60%
stake in their wireless division for 6,200 crore (US$1.35 billion) to
Telenor

Relationship between media

&
government
Media sources such as OPEN and Outlook reported that
Barkha Dutt and Vir Sanghvi knew that corporate lobbyist
Nira Radia was influencing the decisions of A. Raja. The
critics alleged that Dutt and Sanghvi knew about corruption
between the government and the media industry, supported
this corrupt activity, and suppressed news reporting the
discovery of the corruption.

Ratan Tata petitions over

Tape leak
The tapes leaked to the public include conversations between
Nira Radia and Ratan Tata. Tata petitioned the government to
acknowledge his right to privacy and demanded accountability
for the leak, with the Minister for Home Affairs, CBI,
Indian Income Tax Department, the
Department of Telecommunication, and the
Department of Information Technology as respondents in the
petition.

Thank you