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The Locked-Up Politicians
By siliconindia
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Wednesday, 07 September 2011, 03:52 IST |
20 Comments
A Raja
Said to be the mother of all scams, 2G spectrum scandal had A Raja at its center from the beginning. The whole deal of issuing 1232 2G spectrum licenses to 85 companies at a price set in the year 2001 by the UPA alliance was in the shadow of doubt from its beginning. The CAG report on the scam reveals that it caused a loss of 
1.76-lakh crore to the exchequer. The report which termed allocation deal as arbitrary, unfair and inequitable held the then telecom minister Raja responsible for the sale of 2G spectrum and the huge revenue loss. It was revealed that the minster had personally signed and approved the majority of the questionable allocations. Raja was arrested on February 2, 2011 and later sent to Tihar Jail for judicial custody. CBI and Enforcement Directorate estimate that Raja could have made as much as 3,000 crore from the alleged bribes.
1.76-lakh crore to the exchequer. The report which termed allocation deal as arbitrary, unfair and inequitable held the then telecom minister Raja responsible for the sale of 2G spectrum and the huge revenue loss. It was revealed that the minster had personally signed and approved the majority of the questionable allocations. Raja was arrested on February 2, 2011 and later sent to Tihar Jail for judicial custody. CBI and Enforcement Directorate estimate that Raja could have made as much as 3,000 crore from the alleged bribes.
