21 December 2017

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2G scam verdict CBI court acquits all 18 accused

2G scam verdict  CBI court acquits all 18 accused

The trial in the scam started six years ago that is 2011 after the Comptroller and Auditor General exposed in 2010 that 122 2G licences had been given to telecom operators at throwaway prices without a free and fair bidding process, causing a loss of Rs 1.76 lakh crore

The licences were scrapped by the Supreme Court on February 2, 2012.

A special CBI court in New Delhi on Thursday acquitted all accused in the 2G spectrum allocation scam cases.

Special CBI judge O P Saini gave judgements in separate cases lodged by the CBI and the ED in scam Fifteen accused in the case and three companies were acquitted.

Acquitting all the accused, special court judge OP Saini said: “I have no hesitation in saying that public prosecutor miserably failed to prove their case. I hereby acquit all.”

A Raja, who was the Minister for Communications and IT in the UPA government, was identified by the CBI as the main accused.

The court directed all persons acquitted in the case to furnish a bail bond of Rs 5 lakhs each to ensure their presence in a higher appellate court should the verdict be challenged in the future.

Below is the list of 2G scam Accused –

A Raja: The former Union minister is the main accused in the case and had been charged of cheating and criminal conspiracy.
A CBI charge sheet alleged that Raja conspired with the accused and arbitrarily changed the first-come, firstserved policy to ensure that Swan Telecom Pvt. Ltd. (STPL) and Unitech received licences. 

Kanimozhi: The daughter of DMK supremo M Karuna Nidhi is the other famous name associated with the case.
The CBI alleges that Kanimozhi, majority shareholder of Kalaignar TV and daughter of DMK chief M Karuna Nidhi, conspired with Raja to route Rs 200 crore from DB Realty and Swan Telecom cofounder Shahid Balwa to the TV company in return for grant of spectrum to Swan Telecom. Kanimozhi was charged with tax evasion by the income tax department in Chennai.

Siddharth Behrua: Former telecom secretary was one of the bureaucrats charged in the case.
According to the CBI charge sheet, Behura conspired with Raja and others to prevent telecom companies from physically filing applications.

RK Chandolia: Chandolia was private secretary to A Raja.
According to the CBI charge sheet, Chandolia, like Behura, conspired with Raja and others to prevent telecom companies from physically filing applications. 

Shahid Balwa: The businessman was accused of furnishing false information to the telecom department and bribing public servants.

Sanjay Chandra: The Unitech executive had been accused of working with Raja and Chandolia to obtain licenses.
Accused by CBI of colluding with Raja to benefit from the 2008 allocation of spectrum at throwaway prices. After getting spectrum in early 2008 by paying the government Rs 1,658 crore entry fee, Unitech sold 67.25% of the telecom business to Telenor of Norway for Rs 6,120 crore, valuing it at Rs 9,100 crore, more than five times the entry fee. 

Gautam Doshi, Hari Nair, Surendra Pipara: The Reliance ADAG executives were facing charges of concealing the shareholding pattern of Swan Telecom.

Karim Morani, Asif Balwa, Rajiv Agarwal, Sharath Kumar: The other businessmen who faced charges Morani-owned Cineyug Films was used by Shahid Balwa to channel Rs 200 cr illegally to Kalaignar TV. Shahid Balwa and Vinod Goenka transferred the money to Kusegaon Fruits & Vegetables, where Balwa's younger brother Asif was a director. Kusegaon then transferred it to Cineyug Films & Morani transferred it to Kalaignar TV. 

Ravi Ruia, Anshuman Ruia, Vikash Saraf: Essar executives facing charges.

IP Khaitan and Kiran Khaitan: Loop Telecom promoters who had been accused in the case.

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Thursday, December 21, 2017

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Kirtivasan Ganesan December 21, 2017  

It must have been tough for Special CBI court. I think. Ultimately they gave the right judgement. Supreme Court was only a mouthpiece. And it did not have many teeth except one or two.

Renu December 26, 2017  

Its puzzling to me.

facebollywood December 26, 2017  

The 2G scam verdict has once again shaken Indians trust on its government.