Updated: December 21 2017 10:sixteen am 2G spectrum case verdict: A Raja and Rajya Sabha MP Kanimozhi arrive on the Patiala House court on Thursday. (Express Photo/Abhinav Saha) A unique CBI court will pronounce its verdict inside the 2G spectrum allocation scam cases on Thursday in New Delhi. The verdict can be brought at the instances lodged by means of CBI and Enforcement Directorate against former telecom minister A Raja DMK MP Kanimozhi and others. The trial in 2G spectrum scam which fee the-then UPA authorities closely began in 2011 after the court had framed charges in opposition to 17 accused within the CBI s case. All the accused in these instances have denied the allegations levelled in opposition to them by way of the CBI and the ED. In October 2011 the courtroom had framed prices in opposition to them beneath diverse provisions of the IPC and the Prevention of Corruption Act handling offences of criminal conspiracy cheating forgery the usage of as real fake documents abusing official role criminal misconduct by public servant and taking bribe. In its chargesheet filed in April 2011 in opposition to Raja and others CBI had alleged that there was a loss of Rs 30 984 crore to the exchequer in allocation of 122 licences for 2G spectrum which have been scrapped by the Supreme Court on February 2 2012. 2G spectrum allocation case LIVE updates 10.15 am: Till now 154 witnesses have recorded their statements which include Anil Ambani Tina Ambani company lobbyist Niira Radia and many greater. The statements of the witnesses amass over 4 400 pages. 10.10 am: In case you are just becoming a member of us the 2G spectrum scam pertains to the granting of 2G spectrum licence allocations in 2007-08 which precipitated according to a file with the aid of the Comptroller and Auditor General of India lack of Rs. 1.Seventy six lakh crore to the Exchequer. The licenses had been scrapped with the aid of the Supreme Court in 2012. 10.Oo am: Read the story on ieTamil here. 9.Fifty five am: The cancellation of telecom licences via the Supreme Court in 2012 within the 2G case brought on the important thing stakeholders the government and telecom operators to revamp the manner the telecom sector functioned in India specifically how airwaves were provided to operators. Read extra right here. Nine.50 am: Through the trial Raja said that each decision he took became inside the public interest he added new gamers accelerated teledensity and brought down tariffs. There changed into no personal gain to him he claimed. Kanimozhi has been accused of being concerned in parking of the alleged illegal gratification of Rs two hundred crore in Kalaignar TV. However Kanimozhi argued that she was a director of Kalaignar TV for only weeks from June 6 to June 20 2007. Read more here. Nine.Forty am: Kanimozhi daughter of DMK leader M Karunanidhi and A Raja arrive at Patiala House Court. 9.30 am: Former Minister A Raja leaves for Patiala House Court from his house. The court docket had in advance exceeded an order that each one the accused were to be present for the judgment. Nine.15 am: The 2G spectrum allocation scam rocked the UPA II authorities. Then Prime Minister Manmohan Singh s photo became battered in the resulting typhoon. In February 2011 Singh stated that coalition compulsions had compelled him to make compromises. Read more right here. Nine:00 am: In the first case filed through the CBI Raja and Kanimozhi are facing trial together with former telecom secretary Siddharth Behura Raja s erstwhile personal secretary R K Chandolia Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka Unitech Ltd MD Sanjay Chandra and three pinnacle executives of Reliance Anil Dhirubhai Ambani Group (RADAG) Gautam Doshi Surendra Pipara and Hari Nair. The prosecution s case in 2G spectrum scam: New time limits suspect reason and a Rs two hundred-crore bribe 8:55 am: One of the instances for which verdict is in all likelihood to be added nowadays consists of Essar Group promoters Ravi Kant Ruia and Anshuman Ruia Loop Telecom promoters Kiran Khaitan her husband I P Khaitan and Essar Group Director (Strategy and Planning) Vikash Saraf as accused. Eight:50 am: All accused together with Raja and Kanimozhi are in all likelihood to be present within the courtroom nowadays as per the directives. The punishments inside the offences against the accused can range from six months in lifestyles imprisonment. Eight:forty five am: Special CBI decide O P Saini is slated to pronounce the judgments in separate cases lodged via the CBI and the ED in the scam. For all of the present day India News down load Indian Express App IE Online Media Services Pvt Ltd Tags: 2G case 2G scam AAnanthDec 21 2017 at nine:28 amThese so known as 2G scam expert should be in Jail. They hindered the development of this kingdom by using looting the general public money. They are greater or less worst then traitors of India. We desire the court docket offers a robust verdict to these humans which ought to shake the very basis of the corrupting political lot...(3)(zero) Reply
NEW DELHI: The Supreme Court today asked the CBI the ED and the unique public prosecutor appointed by it in the 2G spectrum scam case to report a standing report at the probe performed through ED officer Rajeshwar Singh inside the Aircel-Maxis deal case. It said that it desired to know in opposition to whom what investigation became pending or have been finished and what was the degree of the probe within the case. A bench of justices Arun Mishra and M M Shantanagoudar stated that this depend had no longer come before the court for a while and therefore it desired to know the repute of the research. You file a standing report on the investigation accomplished up to now towards whom it is pending or complete. We need the entirety. File it by means of the following date of hearing on January four it advised Special Public Prosecutor Anand Grover and the recommend for the CBI and the Enforcement Directorate (ED). The bench made it clear that the case needs to proceed similarly and it does now not be counted whether Rajeshwar Singh is there or no longer and that there should no longer be any put off. The court docket also allowed BJP leader Subramanian Swamy to file a note after he sought permission to record it with reference to Singh and the probe inside the case. On November 1 the apex courtroom had constrained the government from taking any immediately movement towards Rajeshwar Singh probing the multi-crore rupees Aircel-Maxis case and the 2G spectrum scam following some anonymous court cases in opposition to him. The court docket s route had came after Singh alleged there was a conspiracy behind submitting of frivolous anonymous proceedings towards him with the sales secretary pronouncing these have been being entertained by means of the ED. He had stated that such proceedings were filed after the current attachment of assets really worth Rs 1.Sixteen crore allegedly of the accused in the Aircel-Maxis deal case. Though the call of the accused in Aircel-Maxis deal case turned into no longer taken by Singh s counsel on September 23 the ED had reportedly connected belongings worth Rs 1.Sixteen crore of Karti Chidambaram son of former finance minister P Chidambaram and a company allegedly related to him in connection with its money laundering probe in reference to the deal. The court docket had issued notices to the CBI the ED and the Department of Telecom and sought their reaction in three weeks. Singh had told the court docket that it should direct a CBI probe into the alleged conspiracy of submitting of complaints or for alleviating him from the investigation of the 2G scam case. He stated in advance too several attempts were made to interfere with the 2G rip-off investigation however the courtroom had usually protected him. Singh had stated that he became an Uttar Pradesh cadre police legitimate on deputation to the Enforcement Directorate and his promotion inside the service was due which might be hampered due to such lawsuits.
Written with the aid of Updated: December 21 2017 eight:forty seven am Sunil Bharti Mittal Chairman and Managing Director Bharti Airtel with Norwegian firm Telenor s CEO Jon Fredrik Baksaas deal with the media outside the Finance Ministry after a 2012 assembly of the Finance Minister with chiefs of top telecom companies. (Express Archive) Related News 2G spectrum scam: The shadow over former Prime Minister Manmohan SinghThe defence of the accused in 2G spectrum scam: No non-public gains what about others said the ones in dockThe prosecution s case in 2G spectrum rip-off: New closing dates suspect purpose and a Rs two hundred-crore bribeThe cancellation of telecom licences with the aid of the Supreme Court in 2012 inside the 2G case prompted the key stakeholders the government and telecom operators to redesign the way the telecom sector functioned in India in particular how airwaves have been presented to operators. While at the coverage the front spectrum allocation started going on thru auctions for corporates mainly foreign players the decision pressured many to cut back on their India exposure. Consequently the decision impacted the bank books loans to telecom organizations and infrastructure carriers comprising almost three% of the portfolios for lenders at that time. The companies that noticed their licences being cancelled protected people with investments from foreign gamers such as Norway s Telenor the UAE s Etisalat Russia s Sistema Bahrain Telecommunications Malaysia s Maxis and so forth. While initially the industry expressed concern over the effect on foreign investment in India s telecom market analysts advise that allocating spectrum at lower prices in truth opened the door to players who won't were severe approximately rolling out networks at that point 2G spectrum rip-off: The shadow over former-Prime Minister Manmohan Singh In 2012 from the pool of operators 18 had their licences cancelled. As of date eleven groups offer mobile services inside the usa and if the proposed mergers and acquisitions undergo best five operators will remain Bharti Airtel Vodafone-Idea Reliance Jio BSNL and MTNL. This is consistent with advanced telecom markets where 4 or five groups dominate the arena. Mr Raja s method created an synthetic call for for spectrum by means of retaining it underneath-priced. If the spectrum was priced towards its actual price it would not attract so many players. Non-critical players would now not have sought it Mahesh Uppal Director ComFirst India said. Compared with how spectrum is allotted to corporations after auctioning it today below A Raja the Department of Telecommunications (DoT) offered licences to function 2G services along with spectrum deemed vital to installation those offerings. Following the cancellation of licences Norwegian telecom business enterprise Telenor which provided services in India in a joint project with actual estate company Unitech stated that it had already invested over Rs 6 100 crore in equity and over Rs eight 000 crore in company guarantees and that the employer was shocked to look that Uninor is being penalised for faults the court docket has located in government technique. Also Read scam: No private gains what about others stated the
http://transatlanticwriting.com/myomeka/posters/show/389 ones in dock Bundling the spectrum with the licences and selling this on a primary-come-first-served basis resulted inside the allocation of airwaves at a miles lower price than the marketplace could have dictated Rs 1 76 000 crore as predicted through the Comptroller and Auditor General (CAG) of India. However the case in which prices against numerous bureaucrats have been also framed impacted how the auction technique changed into designed to allocate spectrum at market observed prices. The cutting-edge instance become visible all through the 2016 auction in which despite a clear loss of reason from
http://www.fontspace.com/profile/purifieronline the enterprise the tremendously priced spectrum inside the seven-hundred MHz frequency turned into positioned beneath the hammer. In its inner pre-public sale estimates even the DoT did now not count on the seven-hundred MHz spectrum to be completely bought. Throughout the auction no longer a single bid by using any operator was positioned. Also Read rip-off: New time limits suspect intent and a Rs two hundred-crore bribe The trouble is quite simple. If call for exceeds deliver auctions are your pleasant wager. The process of auction itself is not the issue it is the design. There are many specific approaches of engaging in the auction. For example if the government stated auction winners would must make the fee within every week in preference to 10 years many companies could exercise caution. Similarly if there was a penalty if the offerings aren t rolled out inside say two months of allocation a few players might have opted out Uppal commented. The government additionally designed the public sale with the primary focus of maximising sales and no longer to speed up rollout of broadband or improve the excellent of services. If you try this then you definitely boom the damage an public sale can do. If as an alternative as an instance the government had sought bids of how a great deal sales agencies might proportion with it there would had been much less damage to carrier boom or consumers Uppal stated. The government s pursuit of better revenues thru auctions that's visible to be a direct result of the CAG s observations at the loss of revenue via administrative allocation has additionally led to spectrum turning into costlier one of the factors mentioned via telecom players analysing the financial situation of these businesses. Earlier this year the Reserve Bank of India crimson-flagged the telecom enterprise and requested banks to study their publicity to the sector. An inter-ministerial institution turned into formed headed by DoT Secretary Aruna Sundararajan to suggest measures for decreasing economic strain in the quarter. For all of the today's Explained News download Indian Express App More Related News Why it's time for New Delhi to make Nepal feel India-open Nissan vs Tamil Nadu govt: Dispute over VAT refund; studying an funding treaty Tags: Express Explained No Comments.
10:22 (IST)K Nagarajan alleges EVM malfunctioning BJP candidate K Nagarajan alleges that his call has been pushed to the final in the balloting machine. He is also going to the Election Commission to whinge about it. Nagarajan further alleged that 178 machines had been not blinking/beeping whilst the voter votes.
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