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A. Raja, then Telecom Minister, was accused of selling 2G spectrum licenses at a very low cost which resulted in the loss of ₹1,760 billion (US$25 billion) in government revenue. [2]
Dec 21, 2017 · A report by the CAG of India revealed that 2G, or second generation licenses for mobile networks, were given at throwaway prices instead of carrying free and fair auctions. The then Telecom minister, A Raja, denied all charges and said that the decisions were made after then-apprising PM Manmohan Singh.
- India Today Web Desk
- FYI
Dec 21, 2017 · Raja sold licenses/2G spectrum to a handful of arbitrarily selected (120 out of 575) companies in January 2008 at a bargain basement 2001 price. In doing so, he not only violated the law, committed several improprieties, but caused a loss to the exchequer of at least Rs 40,000 crore.
The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore....
Jul 5, 2024 · During 2007-2009, A. Raja, the Communication and IT Minister, allocated 122 licenses for 2G spectrum at a fixed price, significantly below market value. This process lacked transparency and favored certain telecom companies, leading to a massive financial loss for the government.
Dec 21, 2017 · CAG in a report had held then Telecom Minister A Raja responsible for causing the state exchequer a loss of Rs 1,76,379 crore by allocating 2G spectrum licenses at throwaway prices.
Dec 22, 2017 · A Special CBI Court Thursday acquitted all accused in the 2G spectrum case, including former telecom minister A Raja and DMK Rajya Sabha MP Kanimozhi.
