Curious,Ten Companies are under the scanner, nine secretaries are to be questioned.
Tatas have been cleared by CBI.
The CBI cleared the Tata Group conglomerate on Thursday, saying it had committed no wrongdoing in the massive 2g spectrum scam that has rocked the government.
The Central Bureau of Investigation told a court that Tata Telecom, an arm of the sprawling tea-to-steel group, headed by Ratan Tata, was not a “beneficiary” in the case that the national auditor estimates cost the state nearly $40 billion in lost revenue.
‘Nine former telecom secretaries, including the jailed Siddharth Behura, will testify next month before the Joint Parliamentary Committee (JPC) probing India’s telecom pricing policy in the backdrop of the alleged financial irregularities in the allotment of second generation (2G) spectrum licences, panel head P.C. Chacko said Wednesday…’
That means one secretary per company?
By the way Tata’s have been cleared for not being the’beneficiaries’
Have they spoiled some one else’s party?
Story:
Other former secretaries to be quizzed by the multi-party parliamentary probe panel are A.V. Gokak, Anil Kumar, Shyamal Ghosh, Vinod Vaish, Nripendra Misra, J.S. Sharma, D.S. Mathur and P.J. Thomas….
The ED has already put 10 beneficiaries of the 2G scam in the dock…
The directorate, which enforces foreign exchange regulations and prevents money laundering, estimates violations to the tune of over Rs.4,300 crore by telecom firms that got 2G telecom licences allegedly at throwaway prices in 2008.
Those under the ED scanner include Unitech, Swan, Loop, STel, Videocon, Idea, Tata, Sistema Shyam, Alliance Infotech (merged with Etisalat) and Spice (merged with Idea), Chacko said.
“Violations of the Foreign Exchange Management Act were found by the ED in the course of their investigation into overseas financial transactions by way of foreign direct investment through purchase of equity shares, convertible shares and convertible debentures by non-resident persons,” Chacko said.
http://www.pravasitoday.com/nine-former-telecom-secretaries-to-be-questioned-by-jpc
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