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2G scam: SC scraps 122 licences granted under Raja's tenure, trial court to decide on Chidambaram's role PTI | Feb 2, 2012, 12.40PM IST

February 2, 2012

NEW DELHI: In a major development having implications for the corporate sector, theSupreme Court on Thursday cancelled the 122 2G spectrum licences granted by former telecom minister A Raja on the ground that they were issued in a "totally arbitrary and unconstitutional" manner.

Imposing a fine of Rs five crore each on three telecom companies, which offloaded their shares after getting the licenses, the court directed regulator Telecom Regulatory Authority of India (TRAI) to make fresh recommendations on allocation of 2G licences.

Asking the government to take steps on the recommendations of TRAI within a month, a bench comprising justices G S Singhvi and A K Ganguly said the allocation of spectrum will be done through the policy of auction within four months.

The order came on petitions filed by NGO CPIL and Janata Party president Subramanian Swamy alleging scam in the allocation of spectrum licences by Raja in January, 2008 during the tenure of UPA-I government, on which the CAG had assumed the presumptive loss of upto Rs 1.76 lakhs.

The 122 licences were given by Raja for over Rs 9,000 crore, while 3G auctions for a smaller number of licences had fetched the government a sum of Rs 69,000 crores.

The companies that are set to lose on account of the cancellation of the licences are Uninor (joint venture between Unitech and Telenor of Norway), Loop Telecom, Sistema Shyam (joint venture between Shyam and Sistema of Russia), Etisalat DB (joint venture between Swan and Etisalat ofUAE), S Tel, Videocon, Tatas and Idea.

Among the 122 licences issued by Raja in January 2008 on first-come first-serve basis, Uninor was alloted 22 pan India licences, Loop 21, Sistema-Shyam 21, Etisalat-DB 15, S Tel 6, Videocon 21, Idea 9 and Tatas 3.

Reacting to the Supreme Court judgement Uninor, which has launched services in most of the circles, expressed shock and said that the company has been treated unfairly.

"We have been unfairly treated as we simply followed the government process we were asked to. We are shocked to see that Uninor is being penalised for faults the court has found in the government process," the company statement said.

Noting that the order has not stopped the company operations for now Uninor said "we expect the authorities to ensure that our 36 million customers, 17,500 workforce and 22,000 partners are not unjustly affected."

Other new operators said that they would examine the order before commenting on the future course of action.

Trial court to decide on Chidambaram's role in 2G

The Supreme Court on Thursday said the trial court will decide on Janata Party chief Subramanian Swamy's plea to make home minister Chidambaram a co-accused in the 2G spectrum allotment case, IANS reported. The apex court said that the trial court should decide the matter within two weeks. Special CBI Judge O P Saini, who is hearing a separate petition of Swamy to prosecute Chidambaram, has already reserved his order for February 4.

(Read: SC refuses to ask CBI to probe role of Chidambaram in 2G case)

(Read: BJP asks PM to sack Chidambaram)

SC asks CBI to submit status reports on 2G probe to CVC

The Supreme Court on Thursday asked the CBI to file status reports on its ongoing probe into the 2G spectrum allocation case to the Central Vigilance Commission (CVC).

The court's decision came on a plea for setting up a Special Investigation Team (SIT) to look into the 2G case, the bench asked CBI to submit status reports on further investigation into the matter to the CVC which will assist the court.

The bench asked CBI to submit status reports on further investigation into the case to the CVC which will assist the court.

Hailing the order, Swamy said the court's direction is a "de facto SIT".

We can be proud of Supreme Court: Swamy after 2G order

Janta Party leader Subramanian Swamy on Thursday welcomed the Supreme Court order cancelling 122 licences granted to telecom companies during the tenure of former communications minister A Raja.

The country was proud of its Supreme Court, Swamy -- who had filed the original petition before the apex court -- told reporters after the landmark order.

"This is the best judgment which could come... the country can be justifiably proud of the Supreme Court," Swamy, who had filed a petition in the Supreme Court, said.

Licences to remain in place for 4 months

Licences held by five companies including the local joint ventures of Norway's Telenor and Abu Dhabi's Etisalat were cancelled in the verdict, calling into question the stability of business contracts and regulation in India, Reuters reported.

The Supreme Court ruling said the current licences will remain in place for four months, in which time the government should decide fresh norms for issuing licences, a lawyer involved in the case said.

(Read: We have been unfairly treated, says Uninor)

India's image as an investment destination was dented over the past year as the economy slowed, government reforms stalled and the telecoms scandals along with other high profile graft cases heightened concerns about government policies.

Stocks in telecoms companies including Reliance Communications and Unitech fell after the verdict, but shares in Bharti Airtel jumped.

Telenor has about 36 million subscribers in India and Etisalat has fewer, making them small players in a market dominated by Bharti Airtel, Vodafone and Reliance Communications.

The telecoms scandal is the biggest of several that have emerged during Prime Minister Manmohan Singh's second term and has weakened him. Two ministers, including former telecom minister Andimuthu Raja, who presided over the 2008 grant process, have resigned. Raja is in jail pending trial.


source: http://timesofindia.indiatimes.com
 

2G scam: SC scraps 122 licences granted under Raja's tenure, trial court to decide on Chidambaram's role

February 2, 2012

NEW DELHI: In a major development having implications for the corporate sector, theSupreme Court on Thursday cancelled the 122 2G spectrum licences granted by former telecom minister A Raja on the ground that they were issued in a "totally arbitrary and unconstitutional" manner.

Imposing a fine of Rs five crore each on three telecom companies, which offloaded their shares after getting the licenses, the court directed regulator Telecom Regulatory Authority of India (TRAI) to make fresh recomme...


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Anna Hazare has high fever, Sri Sri Ravi Shankar asks him to end fast IANS | Dec 27, 2011, 10.06PM IST

December 28, 2011
MUMBAI: Anna Hazare refused on Tuesday night to end his three-day fast in support of a strong Lokpal despite falling sick and running 102 degrees temperature, his doctor and aides said.

His doctor DG Pote announced from the stage at the MMRDA ground that Hazare, 74, was very weak, his blood pressure had shot up by 30 points to 170/96, and his pulse rate was poor.

"This is the unfortunate reality," the doctor said. "When he fasts, he is always on the stage. This is the first time he is resting i...
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Will live and die for India, says Anna Hazare TNN | Dec 27, 2011, 03.42PM IST

December 28, 2011
NEW DELHIl Anna Hazare on Tuesday addressed the huge crowd that had gathered at the MMRDA ground Mumbai. Accusing the government of betraying the people, the anti-corruption crusader said, "I will live and die for India." 

"Dil diya hai, he vatan, tere liye jaan bhi de denge," said Anna to the ecstatic crowds. The 74-year-old spoke of the lengths he had gone to for the sake of the country. He said he had shunned his family, didn't even know the names of his nephews and nieces; and did not marr...

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ANNA FASTING STARTS

December 27, 2011
ANNA FASTING STARTS
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R u ready to support

December 26, 2011


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Anna Hazare to stage dharna outside homes of Sonia, Rahul PTI | Dec 25, 2011, 10.13PM IST

December 26, 2011
RALEGAN SIDDHI: Anna Hazare on Sunday said he would stage dharna outside residences ofSonia Gandhi and Rahul Gandhi in Delhi after his three-day fast in Mumbai and asked his supporters to refrain from violence during the stir. 

"Some people are waiting for violence during the agitation. If there is violence, the agitation will be maligned," Hazare said addressing a "gramsabha" here tonight. 

The anti-graft crusader said he would reach Mumbai tomorrow for his three-day fast beginning on December...
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Lokpal agitation: In 2 days, 68000 sign up to go to jail TNN | Dec 25, 2011, 03.03AM IST

December 26, 2011
NEW DELHI: Anna wants to know if you're willing to go to prison. And 68,000 people and counting have volunteered in the last two days. As the countdown to Team Anna's third fast this year draws close, his team has unleashed a campaign spanning new technology and social media getting people to register, join the protest in Mumbai or just spread the word. 

While activist Anna HazareArvind Kejriwal andKiran Bedi will be present in Mumbai, Prashant Bhushan is expected to hold fort in Delhi. This...

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Ready for fight on Lokpal Bill: Sonia Gandhi PTI | Dec 21, 2011, 10.57AM IST

December 22, 2011
NEW DELHI: Asserting that she will fight for the passage of the Lokpal Bill in Parliament, a combative Congress president Sonia Gandhi on Wednesday sought to hit out at the Opposition for "obstructionist" tactics and Team Anna for "deliberate and malicious" criticism of the government. 

"We are being criticized and attacked for not tackling the scourge of corruption. This is deliberate and malicious misinformation," Gandhi told the Congress Parliamentary Party(CPP) meeting without referring to...
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Chidambaram would be in jail if CBI comes under Lokpal: Anna Hazare PTI | Dec 21, 2011, 12.57PM IST

December 22, 2011
RALEGAN SIDDHI: Attacking the government for keeping CBI out of Lokpal, Anna Hazare on Wednesday accused it of "cheating" the people by bringing a weak Bill to "save" corrupt politicians. 

A day after the Union cabinet approved theLokpal Bill leaving CBI out of its purview, Hazare said the ombudsman would not be strong and effective if the premier investigation agency was not kept under it. 

"If the CBI is outside then how will the Lokpal be strong. This system will save corrupt politicians. If...
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