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    PPT On Scam

    Uploaded by

    Rohit Batra
    The document discusses the 2G spectrum scam that occurred in India in 2008. It summarizes that 2G licenses were issued to private telecom players at very low prices, against procedure and without a proper auction. This resulted in an estimated loss of Rs. 1.76 lakh crores to the national exchequer. The then telecom minister A. Raja ignored legal advice to auction spectrums at market rates. Raja and lobbyist Niira Radia were involved. Evidence submitted by CAG in 2010 showed Raja personally approved the allocations.

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    PPT On Scam

    Uploaded by

    Rohit Batra
    16 views6 pages
    The document discusses the 2G spectrum scam that occurred in India in 2008. It summarizes that 2G licenses were issued to private telecom players at very low prices, against procedure and without a proper auction. This resulted in an estimated loss of Rs. 1.76 lakh crores to the national exchequer. The then telecom minister A. Raja ignored legal advice to auction spectrums at market rates. Raja and lobbyist Niira Radia were involved. Evidence submitted by CAG in 2010 showed Raja personally approved the allocations.

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    2G scam

    Original Title

    59098031-PPT-on-scam

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    The document discusses the 2G spectrum scam that occurred in India in 2008. It summarizes that 2G licenses were issued to private telecom players at very low prices, against procedure and without a proper auction. This resulted in an estimated loss of Rs. 1.76 lakh crores to the national exchequer. The then telecom minister A. Raja ignored legal advice to auction spectrums at market rates. Raja and lobbyist Niira Radia were involved. Evidence submitted by CAG in 2010 showed Raja personally approved the allocations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    16 views6 pages

    PPT On Scam

    Uploaded by

    Rohit Batra
    The document discusses the 2G spectrum scam that occurred in India in 2008. It summarizes that 2G licenses were issued to private telecom players at very low prices, against procedure and without a proper auction. This resulted in an estimated loss of Rs. 1.76 lakh crores to the national exchequer. The then telecom minister A. Raja ignored legal advice to auction spectrums at market rates. Raja and lobbyist Niira Radia were involved. Evidence submitted by CAG in 2010 showed Raja personally approved the allocations.

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    of 6

    Scam PPT

    Scams in Indian Economy

    Exit

    Scam ?
    Scam is an illegal
    activity to earn money
    by using power in
    their hand.

    Scam PPT

    2G Scam
    2G Scam
    * 2G licenses issued to
    private telecom players at
    throwaway prices in 2008
    * CAG: Rules and
    procedures flouted while
    issuing licenses

    Exit

    Scam PPT

    Progress

    Exit

    Rules changed after the game had begun


    Cut-off date for applications advanced by a week
    Licenses issued on a first-come-first-served basis
    No proper auction process followed, no bids
    invited
    Raja ignored advice of Law Ministry, Finance
    Ministry
    Had recommended auctioning of spectrum at
    market rates

    Scam PPT

    Who were Involved in It ?

    Exit

    Former Telecom and IT minister


    A Raja.
    He was elected form Nilgiris
    constituency in Tami Nadu for
    DMK.
    Professionally he is a lawyer.

    Kenya-born and Londoneducated corporate lobbyist


    Niira Radia.
    Nira Radia runs a public
    relations firm named
    Vaishnavi Corporate.

    Scam PPT

    Effects and Investigation

    Exit

    Resulting loss of up to Rs. 1.76 lakh crores


    (US$40 billion) to the national exchequer.

    In August, 2010, evidence was submitted by the


    Comptroller and Auditor General (CAG) showing
    that Raja had personally signed and approved the
    majority of the questionable allocations.

    Scam PPT

    Exit

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