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2G Spectrum Scam

2G Spectrum Scam

The 2G Spectrum Scam was a major political and financial controversy in India, which came to light in 2008–2009. It involved the alleged underpricing and irregular allocation of 2G telecommunications
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2G Spectrum Scam News

Ex-CAG chief Vinod Rai should quit, demands Moily in LS

While senior Congress leader M Veerappa Moily said Rai should tender an apology to the country, resign from all posts he is holding and return all the awards, Trinamool Congress leader Saugata Roy sought that the former CAG chief should be probed on the issue.

FAQ

It was a major corruption scandal involving the underpricing and irregular allocation of 2G telecom spectrum licenses in India.
The key accused included A. Raja, former Telecom Minister, Kanimozhi, and executives of telecom companies.
The Comptroller and Auditor General of India estimated a notional loss of ?1.76 lakh crore ($30 billion).
In 2017, a special CBI court acquitted all accused due to insufficient evidence.
The Supreme Court canceled 122 telecom licenses and mandated competitive auctions, improving transparency in spectrum allocation.
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