2G SCAM ....The Biggest Corruption Scam In India

ISBN-13: 9783848419555 / Angielski / Miękka / 100 str.

Yogesh Maske

Opis

A. Raja arranged the sale of the 2G spectrum licenses below their market value. Swan Telecom, a new company with few assets, bought a license for 1,537 crore (US$307.4 million).Shortly thereafter, the board sold 45% of the company to Etisalat for 4,200 crore (US$840 million). Similarly, a company formerly invested in real estate and not telecom, the Unitech Group, purchased a license for 1,661 crore (US$332.2 million) and the company board soon after sold a 60% stake in their wireless division for 6,200 crore (US$1.24 billion) to Telenor. The nature of the selling of the licenses was that licenses were to be sold at market value, and the fact that the licenses were quickly resold at a huge profit indicates that the selling agents issued the licenses below market value. Nine companies purchased licenses and collectively they paid the Ministry of Communications and Information Technology's telecommunications division 10,772 crore (US$2.15 billion).The amount of money expected for this licensing by the Comptroller and Auditor General of India was 176,000 crore (US$35.2 billion).

O autorze

The Author YOGESH LAXMANRAO MASKE has Pursued his Bachelor Degree in Mechanical Engineering From Nagpur University.He belongs to Vidharbha Region where many farmers committed suicides because of the Corrupt Government Systems and no Development in this region.He want to help the farmer's families from revenue generated by selling this Book.