02 February 2012

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2G Scam Supreme Court Cancels 122 2G licenses Fresh Licenses will be given

2G Scam Supreme Court Cancels 122 2G licenses Fresh Licenses will be given

Today Supreme Court of India cancelled all 122 telecom licenses allotted under the 2G spectrum allocation on or after January 10, 2008. While canceling the licenses the Supreme Court ruled that 85 out of the 122 licenses were outside the eligibility criteria for allocation. The apex court said that the 122 licenses for 2G spectrum were granted in
Arbitrary and unconstitutional manner.

Following is the list or say names of companies whose licenses were cancelled by Supreme Court in 2G scam.

The licenses cancelled include

• 21 of Videocon
• 22 of Uninor
• 9 of Idea
• 21 of Loop
• 6 of S-Tel
• 21 of Sistema
• 3 of Tata
• 13 of Swan
• 2 of Allianz

In next 4 months Telecom Regulatory Authority of India (TRAI) will slowly cancelled all licenses and licenses will be issued again.

Because of 4 months time period, Consumers will not suffer.

A penalty of Rs 5 crore has been imposed on

1. Unitech Wireless

2. Swan Telecom

3. Tata Telecom

A penalty of Rs 50 lakh has also been imposed on Loop, S-Tel, Allianz and Sistema Shyam.

Central Vigilance Commission will monitor the 2G investigation.

Regarding the role of former finance minister P Chidambaram SC said that let the Trial Court decide it.

As per facts Bhushan said that a finance ministry note pointed to a "clear fact" that officials of the finance ministry repeatedly pointed out that spectrum allocation could not be determined by the entry fee of 2001.

Despite the fact that the finance secretary had taken such a strong view which had been recorded in the DoT's approach paper, Chidambaram chose to side with Raja on the issue of pricing,

A finance ministry note to the PMO signed by Pranab Mukherjee was also taken on record by the Supreme court in which it was stated that the scam could have been averted had Chidambaram suggested the policy of auction instead of the first-come-first-serve policy on allocation of spectrum.

The judgments was pronounced by a bench comprising Justices G S Singhvi and A K Ganguly.

The above judgment is good and soft and not hard one.

Politicians always said nothing happened in 2G licenses.

Everything is legal and no losses

Now what?

Someone is the biggest thief it’s proven.

Reality views by sm –

Thursday, February 02, 2012

Tag – 2G licenses Cancelled List of Cancelled Names Companies


dopdavid February 02, 2012  

oh no :x that can't be good

Bikram February 02, 2012  

NOW that is goood .. but then this also means MORE corruption more money to make again

I hope the homeminister is taken to task too on this

as you say its a SOFT one , what about the culprits they should be brought to the books .. again the supreme court has let the public down ..


virendra sharma February 02, 2012  

जिसे फिट आजाये उसे फांसी का फंदा ,बक्की सबको आज़ादी है .

sm,  February 02, 2012  

Bikramjit, thanks.

Arti February 02, 2012  

More corruption!! Thanks for sharing sm.

Subhrashis Adhikari February 02, 2012  

someone trying to clear their image...but not good enough...
nice post

Shockgrubz February 02, 2012  

Corruption and greed are no match for the honor of duty!

sm,  February 03, 2012  

Arti, thanks.
KHOJ, thanks.
Shockgrubz, thanks.

radha February 03, 2012  

I don't think there is any service where some money has not changed hands. If they had to cancel everything, we would have to use pigeons to send our messages!

Kirtivasan Ganesan February 04, 2012  

Well said Radha. Swan and Telenor (foreign companies) are wondering what is happening. GOI made rules. Now Supreme Court says rules are bad so cancel the whole thing.
I do not like car manufacturing rules. Cancel the whole thing.