Amidst the clamour about the the corrupt people in the 2 G scam, the corrupt companies seem to go unnoticed.
I have indicated in my earlier blogs as to how telecom Companies are involved in fixing the licences for themselves or thwarting competitors with the help of powers that be.
In this case the Government seems to have obliged Essar and Loop to get the Telecom licences.
To cover the tracks the companies have changed the pattern of share holding just two days before the grant of licences and the Ministry of Corporate Affairs seem to have noticed nothing amiss,
Strange indeed.
If closee digging is involved many more Corporate shenanigans will tumble out.
The CBI on Wednesday slammed the ministry of corporate affairs for giving its recent report saying Loop Telecom was not an associate of Essar and told the Supreme Court that the ministry was using different yardsticks to judge the eligibility of companies which got 2G spectrum licences. ….
CBI has said that Loop’s association with Essar, which was already operating in many circles including Mumbai, should have debarred it from getting 21 licences in 2008 during A Raja‘s tenure as telecom minister. ….
Placing its 2G scam probe status report before a bench of Justices G S Singhvi and A K Ganguly, the agency through senior advocate K K Venugopal said the shareholding pattern was changed just two days before the allotment of licence. He said the third chargesheet in 2G scam relating to Loop-Essar would be filed by August 31.