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- 2G_spectrum_scam abstract "2G spectrum scam was a scam involving politicians and government officials in India illegally undercharging mobile telephone companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for cell phones. 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 based on 3G and BWA spectrum auction prices in 2010. In a chargesheet filed on 2 April 2011 by the investigating agency, Central Bureau of Investigation (CBI), the loss was pegged at 309845.5 million (US$5.2 billion) whereas on 19 August 2011 in a reply to CBI, Telecom Regulatory Authority of India (TRAI) said that the government gained over 30 billion (US$500 million) by giving 2G spectrum. Similarly Kapil Sibal, the Minister of Communications & IT, claimed in 2011, during a press conference, that "zero loss" was caused by distributing 2G licenses on first-come-first-served basis. It has to be pointed out, however, that "zero loss" can simply mean that frequencies were not sold for less than cost. The phrase indicates nothing about the legitimacy of the sale.All the speculations of profit, loss, and no-loss were put to rest on 2 February 2012 when the Supreme Court of India delivered judgement on a public interest litigation (PIL) which was directly related to the 2G spectrum scam. The Supreme Court declared the allotment of spectrum as "unconstitutional and arbitrary" and quashed all 122 licenses issued in 2008 during the tenure of A. Raja (then minister for communications & IT from 2007 to 2009) the main official accused in the 2G scam case. The court further said that A. Raja "wanted to favour some companies at the cost of the public exchequer" and "virtually gifted away important national asset." The zero loss theory was further demolished on 3 August 2012 when as per the directions of the Supreme Court, the Government of India revised the base price for 5 MHz 2G spectrum auction to 140 billion (US$2.3 billion), leading the value of spectrum to amount to roughly 28 billion (US$470 million) per MHz: a figure close to the CAG's estimate of 33.5 billion (US$560 million) per MHz.The original plan for awarding licences was to follow a first-come-first-served policy to applicants. A. Raja manipulated the rules so that the first-come-first-served policy would kick in – not on the basis of who applied first for a license but who complied with the conditions. On 10 January 2008, companies were given just a few hours to provide their Letters of Intent and cheques. Those allegedly tipped off by Raja were waiting with their cheques and other documents. Some of their executives were sent to jail along with the minister.In 2011, Time magazine listed the scam at number two on their "Top 10 Abuses of Power" list (just behind the Watergate scandal).".
- 2G_spectrum_scam wikiPageExternalLink papers.cfm?abstract_id=2048719.
- 2G_spectrum_scam wikiPageExternalLink Article4-718395.aspx.
- 2G_spectrum_scam wikiPageExternalLink article.aspx?268214.
- 2G_spectrum_scam wikiPageID "29822500".
- 2G_spectrum_scam wikiPageRevisionID "606726059".
- 2G_spectrum_scam hasPhotoCollection 2G_spectrum_scam.
- 2G_spectrum_scam subject Category:2008_in_India.
- 2G_spectrum_scam subject Category:Corruption_in_India.
- 2G_spectrum_scam subject Category:Manmohan_Singh_administration.
- 2G_spectrum_scam subject Category:Ministry_of_Communications_and_Information_Technology_(India).
- 2G_spectrum_scam subject Category:Political_scandals_in_India.
- 2G_spectrum_scam subject Category:Radio_resource_management.
- 2G_spectrum_scam subject Category:Telecommunications_in_India.
- 2G_spectrum_scam comment "2G spectrum scam was a scam involving politicians and government officials in India illegally undercharging mobile telephone companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for cell phones.".
- 2G_spectrum_scam label "2G spectrum scam".
- 2G_spectrum_scam sameAs m.0fq1tnb.
- 2G_spectrum_scam sameAs Q2721522.
- 2G_spectrum_scam sameAs Q2721522.
- 2G_spectrum_scam wasDerivedFrom 2G_spectrum_scam?oldid=606726059.
- 2G_spectrum_scam isPrimaryTopicOf 2G_spectrum_scam.