The 2g spectrum scam in india case analysis, telenors dilemma. Analysis of corporate frauds in india from ethical perspective. Lets understand the 2g scam with this intuitive analogy raja is a shopkeeper who sells bread. If you have opted to buy the pdf version of the case study, you will receive a link to download the file, after the transaction is successfully completed. Dec 21, 2017 prosecution miserably failed to prove any charge. A case that changed the course of indian political history. Watch this video to know about the independent indias biggest political scam 2g spectrum scandal which led the downfall of upa ii. Immediately following the news, merrill lynch now a part of bank of america and state farm insurance terminated its engagement with the company. The 2g spectrum scam in india involved the issue of 1232 licenses by the ruling congressled upa alliance1 of the 2g spectrum to 85 companies1 including many new telecom companies with little or no experience.
Media coverage of the report and license allocation, hyped as the 2g scam, was followed by public outrage and protests. The 2g spectrum case was an alleged scam that the politicians and private officials under the united progressive alliance coalition government in india were accused of committing. Nov 18, 2017 watch this video to know about the independent indias biggest political scam 2g spectrum scandal which led the downfall of upa ii. After the 1991 share scam in india and why despite such measures. To the share scams and financial frauds in india and abroad during the. Raja sold licenses 2g spectrum to a handful of arbitrarily selected 120 out of 575 companies in january 2008 at a bargain basement 2001 price. Corporate fraud in india the sahara and saradha cases. Ht case study on the supreme court ruling on the 2g spectrum scam. In 2008 the supreme court of india revoked the 2g spectrum licences issued to many local and international companies because of major violations in the granting procedure by the telecom ministry. At present the 2 g spectrum scam is the hot case going on in indian political stage. Full text of judgments in 2g spectrum scam cases india. The what, why, how and what next of the case involving a raja and kanimozhi india fp staff dec 21, 2017 19.
He was one of the main person who was charged in the 2g scam case. The cancellation of telecom licences by the supreme court in 2012 in the 2g case prompted the key stakeholders the government and telecom operators to revamp the way the telecom sector functioned in india, especially how airwaves were offered to operators. The special court has deferred hearing on the final judgment in the cases till december 5. Adarsh housing scam and the multi billion 2g telecom spectrum auction scam and so many in a row. And the coal allocation scam is the biggest scam ever detected in the country as in this scam the country suffered a loss of 1.
But, as this column argued, governance after 2g, february 9, 2012 the supreme courts reasoning in that order was internally incoherent. Full text of special cbi courts judgment in 2g spectrum. Mar 11, 20 the 2g scam a short summary posted on march 11, 20 march 11, 20 by theconsiglieres mobile and allied networks work on specific frequencies allotted to each operator in a band of frequencies known as a spectrum. Scribd is the worlds largest social reading and publishing site. Full text of judgments in 2g spectrum scam cases a special today has acquitted 19 accused including former telecom minister a raja and dmk leader kanimozhi in cases relating to the 2g spectrum. It was claimed that the magnitude of the scam was 2,867,800,000,000 rupee. A brief summary of the status of the 2 g spectrum scam in india. Only when the comptroller and auditor general of india in a report quantified and pegged the scam loss to rs. Most of us know the following with reference to the 2 gspectrum scam. The scam came to light almost seven years ago when the comptroller and.
Some social commentators see it more as a part of a broader problem relating to indias familyowned corporate environment. But in case of mobilewireless communications, airwaves are used instead of wires. Jyoti bhushan 1224108216 lawi anupam 1224108221 gitam institute of international business visakhapatnam global trust bank gtb opened its first branch in secunderabad on october 30,1994 collected rs. Dmk leader kanimozhi leaves after a hearing in the 2g spectrum allocation scam case at patiala court on. Oct 07, 2019 this fraud case is related to transfer of 70% of the total credit facilities of the pmc bank to hdil and its associated companies.
A chronology of what is known to be indias biggest scam while dmk supporters and congress leaders hailed the decision, the bjp appeared standoffish over the courts verdict. Analysts in india have termed the satyam scandal indias own enron scandal. On the 2nd of february 2012, the supreme court of india, in response to a public interest litigation pil, cancelled all 122 telecom licenses granted in 2008 and directed that the spectrum linked with these licenses be. Quashing of 2g spectrum licences on february 20, 2012, the supreme court of india delivered a judgement on a pil directly related to the 2g spectrum scam. These spectrumairwaves are licensed by the government. If you purchase multiple copies of a case study, a pdf file with a license to print the number of copies will be emailed to you, within two hours after the successful completion of the transaction. Secondgeneration wireless telephone technology 2g is relatively new technology in the field of mobile. On nov 28, 2011, kanimozhi was granted bail by the delhi high court in the 2g case. Apr 30, 2012 media coverage of the report and license allocation, hyped as the 2g scam, was followed by public outrage and protests. Admittedly, the 2g case before the supreme court involved a different issue. The 2g spectrum scam in india case study solution, telenors dilemma. A special cbi court acquitted all 17 accused in the case relating to irregularities in the allocation of 2g spectrum. The 2g spectrum scam in india case study solution, in 2008 the supreme court of india has canceled the 2g spectrum licenses with many local and international companies because of serious irregularities in t.
Former telecom minister a raja, one of the accused in the 2g spectrum scam cases, at patiala house courts in new delhi on tuesday. The 2g spectrum case was an alleged scam that the politicians and private officials under the. The 2g spectrum scam in india xls file, telenors dilemma. A special cbi court on thursday acquitted all 18 accused including a raja and k kanimozhi in 2g spectrum allocation case. On 21st and 22nd october 2009, cbi registered case in 2gspectrum scam. What subramanian swamy, the man who exposed the 2g case. A brief summary of the status of the 2 g spectrum scam. He is the only bread seller in the entire city, and everybody who wants to make sandwiches has to buy bread from him. Dot press release on 10 january 2008 regarding issuing lois pdf press release. Dec 21, 2017 a delhi court on thursday acquitted all accused, including former telecom minister a. Full text of special cbi courts judgment in 2g spectrum allocation case not guilty, with these two words, special cbi judge op saini on thursday acquitted all 19 accused including former telecom minister a raja and dmk kanimozhi in the 2g spectrum allocation case. Read the full 1552page verdict a special cbi court pronounced former telecom minister a raja and all other accused in the case as innocent, citing lack of evidence from the prosecution.
Unfolding of a saga the statesman february 0607 i while we are still recovering from the shock verdict in the 2g scam, arguably one of the crudest examples. The 2g spectrum scam in india case solution, in 2008, the supreme court of india has revoked the licenses of 2g spectrum issued to many local and international companies due to significant violations. The 2g spectrum scam in india excel file, subjects covered strategy by sanjeev prashar, adeshwar raja balaji pras, v. Dec 21, 2017 a special cbi court on thursday acquitted all 18 accused including a raja and k kanimozhi in 2g spectrum allocation case. Since the 3g auctions were held in 2010, but 2g spectrum was given in. Bjp leader subramanian swamy, the man who exposed the multicrore 2g spectrum allocation scam, on thursday said the government must immediately file an appeal against the acquittal of. In doing so, he not only violated the law, committed several improprieties, but caused a loss to the exchequer of at least rs 40,000 crore. Heres a chronology of events leading to the verdict. The 2g scam a short summary posted on march 11, 20 march 11, 20 by theconsiglieres mobile and allied networks work on specific frequencies allotted to each operator in a band of frequencies known as a spectrum. Complete with ineffectual regulatory bodies struggling to have a voice and coercive political interests, the sahara and saradha scandals are the classic examples of everything that makes corporate fraud in india possible. Auditing2g spectrum scam 1 2g spectrum scam a case study.
Cbi appeal infructuous in view of new antigraft law, a raja tells hc 27 jan, 2020, 10. A delhi court acquitted all accused, including former telecom minister a. The 2g spectrum scam in india case solution, in 2008, the supreme court of india, the 2g spectrum licenses issued to many local and international companies because of the great injuries ministry revok. Coalgate coal allocation scam or coalgate is a major political scandal regarding the allocation of coal blocks to public sector entities and private companies, without competitive bidding. The 2g spectrum scandal involved officials in the government of india illegally undercharging mobile telephone companies for frequency allocation licenses, which they would use to create 2g subscriptions for cell phones.
A delhi court on thursday acquitted all accused, including former telecom minister a. Since 3g spectrum is three times more efficient than 2g, the loss is further down to rs. Spectralefficiency of 3g and 2g are comparable, and therefore, concluded that 3g price should be the currentpricefor 2g spectrum in 2010. What subramanian swamy, the man who exposed the 2g case, said. Telenors dilemma the 2g spectrum scam in india case solution. In normal basic telephone service, a pair of wires is used for communication.
The 2g spectrum scam in india case solution,telenors dilemma. Former telecom minister a raja, one of the accused in the 2g spectrum scam cases, at patiala house courts in new delhi on. Full text of judgments in 2g spectrum scam cases india news. Auditing2g spectrum scam 1 2g spectrum scam a case.
This section says any contract is obtained by coercion, undue influence, misrepresentation or fraud, which is voidable. Since the 3g auctions were held in 2010, but 2g spectrum was given in 2008, the time value of loss of spectrum is not rs. According to a case study by ibs case development center, corporate fraud is a major area of concern with almost 42 per. Case study on the supreme court ruling on the 2g spectrum scam. Understanding the 2g spectrum scam qrius formerly the. In an unprecedented development, all accused in the three cases related to the 2g spectrum allocation scam have been acquitted by a special cbi cour. In year 2008 the supreme court of india issued by the telecom ministry due to grave infractions in the granting process to a lot of local and international commerce.
The discussion around the reactions to the 2g spectrum scam became known in. Cong claims vindication, bjp says its no badge of honour the verdict in the 2g spectrum scam case. The case was investigated by the central bureau of investigation which filed an 80,000 page chargesheet before the trial court. Raja and dmk rajya sabha member kanimozhi in the 2g spectrum allocation case. Case study on the supreme court ruling on the 2g spectrum scam in 2008, the central government of india granted 122 telecom. Declaring the allotment of spectrum as unconstitutional and arbitrary, the court quashed all 122 licences issued in 2008 by the then minister for communications and it, a.
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