home News The Shocking Verdict Of The Millenium – 2G Scam

The Shocking Verdict Of The Millenium – 2G Scam

The shocking verdict of the Millenium.

 

It is a surprise for all of us to hear that the tables of the major 2G scam have turned its tables, where there were 19 parties involved, including the Former Telecom Minister A Raja and Ms. Kanimozhi, Member of Parliament representing Tamil Nadu in Rajya Sabha. They were accused of the first come first served illegal 2G licenses at throwaway prices.

 

This matter came to light in former Prime Minister Manmohan Singh’s 2nd UPA term. Mr. Vinod Rai, then Comptroller and Auditor General of India, came out with a report that results a loss of Rs 1.76 lakh crore to the exchequer of the government, while in the charge sheet filed in April 2011 against Raja and others, the CBI had alleged a loss of Rs 30,984 crore loss. It also came to notice that licenses were allotted to applicants who had suppressed facts about themselves, disclosed incomplete information, and submitted fake documents in order to get the spectrum on sale. All these licenses allotted during Raja’s tenure had been canceled in the year 2012 by the Supreme Court of India. 8 companies lost a total of 122 licenses. A few years later, ED charged a file sheet against 19 people that included Raja and Kanimozhi for money laundering. The charge sheet also included the name of Dayalu Ammal, wife of DMK chief M Karunanidhi alleging that Rs 200 crore was paid by Swan Telecom’s promoters to DMK-run Kalaignar TV. In the final report, the ED named 10 individuals and 9 companies, listed them under charge sheet for offenses under the Prevention of Money Laundering Act.

kanimozhi after the verdict.

 

The Special CBI judge OP Saini pronounced the judgment, clearing all the 19 accused of all charges in the ED’s money laundering case, popularly known as the 2G scam case. “The Court said that the prosecution has miserably failed to prove any of its charges. Thus all accused are acquitted,”defense counsel Vijay Aggarwal said outside the courtroom soon after the shock verdict.

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