This presentation is about 2G scam and the persons who involved in this scam.

3.  The scam involving politicians and government
officials in India
 Illegally undercharging mobile telephone
companies for frequency allocation licenses.
 The shortfall between the money collected and the
money that the law mandated to be collected is
estimated to be 1766.45 billion (US$29 billion), as
valued by the Comptroller and Auditor General of
India

5.  Corporations accused:
1) Unitech
2) Swan Telecom
3) Videocon
Telecommunications
Limited
4) S Tel
5) Reliance Communications
 Media persons accused:
1) Nira Radia
 Businessmen accused:
1) Ratan Tata
2) Anil Ambani
 Journalists accused:
1) Barkha Dutt
2) M.K. Venu
3) Vir Sanghvi
4) Prabhu Chawla
5) Shankar Aiyar

6.  Political career :
 Political party - DMK
 Present constituency - Nilgiris, Tamil Nadu
 Former Union Cabinet Minister (Communication and
Information Technology – 2007 & 2009)
 Allegation:
 In a joint investigation report prepared by Central Bureau of
Investigation (CBI) and Income Tax Department the agencies
allege that A.Raja could have received 30billion as bribe.
(US$500 million)

7.  Charges:
 Criminal breach of trust by a public servant under section
409
 Criminal conspiracy under section 120-B, cheating under
section 420 &
 Forgery under sections 468 and 471. Booked under
the Prevention of Corruption Act for accepting illegal
gratification.
 Status:
 Taken into custody (arrested) by CBI on 2 February 2011.

8.  Political Career:
 Daughter of five-time
Chief Minister of Tamil Nadu,
M. Karunanidhi.
 Political party DMK.
 She is a member of parliament, representing Tamil Nadu in
the Rajya Sabha (the upper house of Indian Parliament).
 Allegations:
 As per the chargesheet filed by CBI Kanimozhi has 20%
stake in her family owned Kalaignar TV
 worked along with former telecom minister A. Raja to
get DB Realty promoter Shahid Balwa to circuitously
route 2 billion (US$33 million) to Kalaignar TV

9.  Charges:
 Criminal conspiracy to cause criminal breach of trust by a
public servant, criminal conspiracy under section 120-B
 Cheating under section 420 &
 Forgery under sections 468 and 471.
 Booked under the Prevention of Corruption Act
 Status:
 Taken into custody (arrested) by CBI on 20 May 2011

10.  Unitech, Swan Telecom got licenses without any prior
telecom experience
 Swan Telecom given license even though it did not meet
eligibility criteria
 Swan got license forRs.1537 crore, sold 45% stake to Etisalat
for Rs.4200 crore
 Unitech Wireless got license for Rs.1661 crore, sold 60%
stake for Rs.6 200 crore
 All nine companies paid Dot only Rs.10,772 crore for 2G
licences

11.  Tata first has been shown as a victim of DMK
leader, A. Raja in the CBI first charge sheet.
Surprisingly, CBI estimated loss of
Rs. 8,448.95 crores to the exchequer from Tata’s dual
technology licenses.
 Tata not only got 19 dual technology licenses but also got 3
new licenses in 2008 at 2001 price for which loss to the
exchequer is estimated to Rs .22,535.6 crores.

12.  A. Raja considered Tata applications for dual
technology licenses even though these applications
were filed after last date.
 Tata was the biggest beneficiary of A. Raja policies
and major contributor of loss to the exchequer
claimed by CBI in its charge sheet.

13.  Anil Ambani, chairman of the Anil
Dhirubhai Ambani Group (ADAG), is now
a suspect in the 2G scam.
 When Ambani was brought face-to-face with Raja and
Balwa, he claimed that his group had exited Swan
Telecom when it got the UAS licence on January 10, 2008.
 The sources also disclosed that Ambani was asked more
than 50 questions on the shareholding pattern since the
incorporation of Swan Telecom - and the ownership
transfer of the company to Balwa and Goenka.

14.  The Indian Income Tax department tapped
Radia's phone lines for 300 days in 2008-
2009 as part of their investigations into
possible money laundering, restricted
financial practices, and tax evasion.
 The CBI has announced that they have 5,851 recordings
of phone conversations by Radia attempts to broker deals
in relation to the 2G spectrum sale.
 The tapes appear to demonstrate how Radia attempted to
use some media persons to influence the decision to
appoint A. Raja as telecom minister.

17.  Adverse effect on Economy.
 Slowdown in Equity Investments.
 Lack of transparency creating speculations.
 Dip in revenue by 40% in 2010.

18. Thank you