Home > Uncategorized > MOTHER OF ALL SCAMS: RS-1.76 LAKH CRORE

MOTHER OF ALL SCAMS: RS-1.76 LAKH CRORE

TELECOM MINISTER A.RAJA DID RS-1.76 LAKH CRORE 2G SPECTRUM SCAM, BUT GOVERNMENT IS STILL SAVING TAINTED MINISTER FROM C.B.I.
IN    September 2010 Government appointed new C.V.C (Central Vigilance Commission )  chief  P.J. Thomas who is former Telecom Secretary  . P.J. Thomas was retired from Telecom Secretary post from August,2010 , how a tainted person make internal enquiry   .Central Government is not allowing C.B.I. to file an F.I.R. against tainted Union Telecom Minister A.Raja.

2G LICENSE WAS SOLD OUT FOR JUST RS-10,400 CRORE AND 3G LICENSE FETCHED RS-1 LAKH CRORE.

Mobile subscriber base had shot up to 350 million in 2008 from 4 million in 2001

The final Comptroller and Auditor General (CAG) report also shows out of the 122 new licenses that were given out, 85 licenses were won by companies that did not meet the eligibility criteria. Six of the Unitech group companies which applied for licenses for 20 circles did not meet requirements.According to the CAG 12 companies lied about their paid up capital. Bidders must have a minimum of Rs 3-10 crore as paid up equity capital but most of the companies who won the licenses did not meet the mark. These are Unitech Builders, Venugopal Dhoot’s Videocon, Swan Telecom, Loop Telecom (reportedly owned by Ruias), S Tel, an unknown company owned by a shadowy entity Telecom Investments (Mauritius) Ltd and older players such as Shyam Telelink,Idea Cellular,Spice and Tatas. Only a few of these were telecom companies or had any real interest in telecom. READ FULL ARTICLE

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