2G Scam: All Accused Acquitted  | CORPORATE ETHOS

2G Scam: All Accused Acquitted 

By: | December 21, 2017

Dec 21: A Special Court trying the 2G Spectrum Scam case have acquitted all the 17 accused including former Telecom Minister A Raja and Kanimozhi, a Member of Parliament belonging  to Dravida Munnetra Kazhagam.

Judge OP Saini who delivered the verdict said that the Opposition had failed to provide evidence regarding corruption in the case. According to the case filed by Central Bureau of Investigation (CBI), it was alleged that 122  2G spectrum licenses were sold in 2008 at prices determined in 2001 causing a loss of Rs 30,984 cr to the government. The Comptroller and Auditor General (CAG) in its report had estimated the total loss at Rs 1.75 lakh crore.

However the 122 licenses were scrapped in 2012 by the Supreme Court as it was found that it was not given on the basis of competitive bidding but on first-come-first served basis.

The Acquitted
Among the other prominent people acquitted include former telecom secretary Siddharth Behura, Raja’s erstwhile private secretary R K Chandolia, Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, Unitech Ltd MD Sanjay Chandra and three top executives of Reliance Anil Dhirubhai Ambani Group — Gautam Doshi, Surendra Pipara and Hari Nair.

The 2G scam had helped BJP ride to power in the 2014 elections while UPA and its allies had a tough time defending the allegations raised by CAG and other agencies such as Enforcement Directorate.

Meanwhile, independent analysts pointed out that CAG and investigating agencies had quoted a notional figure and not the real loss suffered in the spectrum allocation that make have weakened the case.