Major Scandals of 2011

By SiliconIndia   |   Friday, 30 December 2011, 08:38 Hrs
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Bangalore: As eventful as the year 2011 was it also saw a lot of scandals. The scams of the year were both shocking and an eye opener. The major scandals of the year were-

2G Spectrum scam: The 2G spectrum scam which has been dragged since last year saw some progress, Andimuthu Raja, the Telecom Minister, was arrested and Retired bureaucrat, Siddartha Behura Telecom Secretary in 2008 had his license taken away. The scam involved the officials of the Indian Government illegally under pricing the mobile network companies for licenses of frequency allocation. This illegal manipulation of the spectrum allocation was in favor of a few selected companies. According to the report of the Comptroller and Auditor General the loss to the exchequer due to under charging of 2G spectrum was 176,379 crore (US$39.16 billion). The 2G license was issued in 2008 but the scam was brought to public notice when the Supreme Court of India took Subramaniam Swamy's complaints on record. The scam had a lot of politicians and bureaucrats involved. The other involved parties were corporations who were buying the licenses and media professionals who mediated between the politicians and the corporations.


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