Posts Tagged ‘Swan Telecom’
This is exactly the problem with ManmohnanSingh.
He does not know or even aware of what is happening around him or Is he?
Judge for yourself.
“NEW DELHI: The Prime Minister’s Office does not have any information about meetings held between Prime Minister Manmohan Singh and the thenTelecom Minister and 2G scam accused A Raja, between August 2007 and July 2008.
Replying to an RTI application filed by one Deepak Saluja in this regard, the top office has passed the buck to Special Protection Group, an exempted organisation under the RTI Act, for furnishing details of the meetings.
The SPG which is exempted from making any disclosure under the RTI Act except those related to allegations of human rights violation and corruption has refused to furnish the information citing the exemption clause.
The PMO also transferred the application to Department of Telecommunication to provide the information but it was also sent back with Director (coordination) stating that it was PMO to answer the application.
After SPG and DOT refused to furnish the information, PMO cited another exemption clause related to national security to deny the information saying “it has been consistent stand not to reveal details of appointment.”
They entered the market knowing well that there is a huge market out there and they decided to call for tenders.
They floated the tender(to know how they fixed the tender read my blog under corruption2G scam origin and Growth)
Concurrently there were discussion about the possibility,nay the probability of the Companies participating in the Tendering process ,selling the licences.((now, Chidambaram and Co call it by different names,mergers, acquisitions).
And they deliberated as to what percentage the government should share out of the proceeds in that event as early as in 2008.
Now the process is long over and the Companies have sold these Licences(let Chidambaram,in his infinite wisdom may call it in any way he likes),the Government has not bothered to fix the percentage of sharing the revenue thus raked in,let alone recover it.
One of the best methods to escape responsibility and prosecution is to deny there is no crime involved.
First the statement that ’the 2 G loss is notional’
Then ‘tender procedures were followed’
‘Note has been sent’
‘The authority determining the loss,CAG, has exceeded its brief’
If the Government knew and was intent in earning why these norms were not implemented till date?
It is evident even to an idiot like me that the Companies have made enormous profit, simply by paying bribe ,get the Licence and sell it at a premium.
Look at the price the companies sold the 2 G licences
“Asked by The Hindu why the Swan and Unitech transactions — in which the two firms offloaded 45% and 60% of their stake to Etisalat and Telenor — were not finally subjected to the government’s share of the premium as had apparently been envisaged in the January 30, 2008 discussions, Mr. Chidambaram said in an emailed reply that these were neither mergers nor acquisitions. “Merger and Acquisition (M&A) policy is relevant when two companies merge with each other (merger) or one company acquires another company (acquisition). In the cases of Swan–Etisalat and Unitech-Telenor, the Indian company issued new shares to the foreign investor. These cases were governed by the FDIpolicy. I have already clarified that these two cases of FDI fell under the ‘automatic route’ and no permission was required and no permission was given by the Ministry of Finance.”
And how much they have offloaded?
Next to nothing?
( one should note that there was a ‘paperless meeting among Raja,Chidambaram and Manmohan Singh’ in 2008-read my blog on this)”
Janata Party President Subramanian Swamy’s deposition against Home Minister P Chidambaram will continue on January 7 in the 2G spectrum scam case.
The special CBI court sought certified copies of documents from Parliament and concerned departments. The documents sought are the ones on which Swamy relied to prove his case against Chidambaram.
After the Delhi court deferred the hearing till January 7, Swamy said, “Happy to note that the judge said that if on the four documents you give a certified copy, then it is possible that you may not need any witnesses – in which case we can go straight to trial, if necessary.”
“By the 7th, I’ll have given those certified documents and then I will move a prayer under section 319 CrpC, the Chidambaram be summoned to the court as an accused, ” added Swamy.
Swamy has alleged that former telecom minister A Raja and Chidambaram were involved in the 2G scam together and compromised national security.
Swamy also alleged that Raja worked on Chidambaram’s instructions and that he will expose the Home Minister. “The letters exchanged between the two, and the letter exchanged between the PM and Mr Chidambaram, the meeting that took place between Raja and Chidambaram, four meetings and their minutes, all these I’ve got and I’ve filed them already and I’ll be referring to them in my presentation. He is responsible for it, he has committed so many crimes, he’s being too smart, he thinks that being a lawyer he can always have an alibi. I might also consider, if not today, on an another occasion, to bring in section 13 (1), to say that Mr Chidambaram is a habitual offender, because now he has many cases against him sprouting out.”
Testifying as a witness in support of his private complaint seeking prosecution of Chidambaram, Swamy said Raja could not be held guilty “alone” of the charges that he fixed the price of spectrum licence in 2008 at the prevailing rates of 2001.”
At this rate the accused and witnesses might even sue the CBI for interrupting them in their legal vocation of bribing and cheating!
The CBI should have invented a reason to throw these guys ,including Raja and Kanimozhi for lodging them in jail under Goondas Act.
A Delhi court today asked CBI to file its response to the allegation of an accused in the 2G spectrum allocation scam case that the agency resorted to an “unhealthy practice” of calling a witness “unofficially” to its office in a bid to “tamper” with the evidence.
Advocate Majid Memon, appearing for Goenka, filed the application saying prosecution witness A N Sethuraman, Group President of Reliance ADA Group, was “unauthorisedly” and “suspiciously” called by CBI two days before recording of his statement on November 11 in the court.
This was done in the name of refreshing his memory and it amounted to interfering with the trial in an illegal manner, Memon alleged.
The allegation also got the support from Sethuraman, whose cross examination concluded today as he testified “the CBI official did say to me to follow whatever I had earlier stated in my statement (given to the agency).”
“It has transpired in the cross-examination of Sethuraman that shortly before giving of evidence, the witness (Sethuraman) was suspiciously and unauthorisedly invited to the CBI office by a CBI officer and was given his statement under section 161 CrPC to be read for the first time. This is impermissible in law.
When you send the Group general manager and Top Executives of the Company for a crime of Himalayan Corruption,is it not logical that these acts could not have been committed with out the knowledge of the Bosses?
Did not the CBI verify the Minutes Book for Financial Authority?
Again Reliance has been in the radar for quite some time for irregularities for some time -that they were exonerated later is another matter.
If bankers and Auditors are grilled in the right way with out priority treatment, truth will come out.