After chargesheeting some key players in the 2G

by:Newair Fake Nails     2020-07-08
This could lead to possible chargesheeting of officials from Tata Teleservices, Reliance Communications and Shyam Telecom, who were able to shift to GSM platform with the help of Raja's largesse. Dual policy, which is also known as crossover technology, was introduced to help CDMA operators switch over to the much-wanted profitable GSM platform. In October 2007, Raja, ignoring the Finance Ministry's objections, allotted dual policy to these companies at a cheap '1,658 crore. This throwaway price was fixed six years ago, in 2001. The CBI, in its chargesheet on Saturday, made enough indications on irregularities in allotment of dual policy and undue favours provided to Tata Teleservices and Reliance Communications. According to sources, the beneficiaries of dual policy would be named by the CBI in the first and secondary supplementary chargesheets. In Saturday's chargesheet, while accusing Raja for manipulating several Trai recommendations, the CBI said 'investigations have also revealed' that the Department of Telecom - after accepting Trai recommendation - allotted dual policy to beneficiaries 'through a press release.' The chargesheet details how Raja violated several guidelines in allotting GSM licences to Tata Teleservices and Reliance Communications. 'In the supplementary chargesheets, we would detail violations in allotting dual policy. We have enough proof to nail the beneficiaries,' said a source. According to CBI sources, as quid pro quo for providing GSM licences, the Tatas transferred land held by Voltas to persons close to DMK chief Karunanidhi's daughter Kanimozhi and other family members. The prime land in Chennai was transferred to Kanimozhi's aide Saravanan in April 2009 cheaply. 'The land was actually valued around '500 crore but it was given away for a paltry '25 crore. We will come up with enough proof soon to nail the Tatas,' said the source. After getting GSM licence, the Tata Tele Services sold its 26 per cent shares to Japan's DoCoMo at a whopping price of Rs.13,000 crore. Tata's bagged the license for just Rs 1,658 crore, without any auction. The controversial lobbyist Nira Radia is believed to have lobbied for Tata in this deal. Similarly, the handing over of Swan Telecom to Shahid Balwa and Vinod Goenka is also quid pro quo for providing GSM licenses to Reliance Communications,' said a source.
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