Tag Archives: 2G Scam

Internet & Computers

Telecom Operators in India and the Recent Probe 2G Scam

Telecom Operators India 2G SCAM

The Indian Telecommunications industry is taking some heavy blows these days thanks to the currently unraveling fiasco of a recently launched corruption probe into 122 telecom licenses issued in 2008 by the Indian Ministry of Communication and Information Technology under the administration of Andimuthu Raja. Apparently, the spectrum bandwidth licenses, sold to companies such as Bahrain Telecommunications, Emirates Telecommunications Corporation and Bharti Airtel Ltd among 15 other telecoms companies, were given away at deep discounts and under conditions of preferential treatment in exchange for bribe payments to select figures in the Telecom ministry and other agencies. As of recently the Indian government has cancelled all 122 licenses and is claiming revenue losses of more than US$30 billion dollars.

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