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Policy & Regulation
2G spectrum scam: CBI spared Tata Teleservices, says A Raja
TT Correspondent |  |  26 Jul 2011

A Raja, former Telecom Minister and prime accused in 2G spectrum case, on Monday alleged in a Delhi court that CBI spared Tata Teleservices which made Rs 14,000 crore in the scam and dared the agency to touch the company's top boss.

"Let the prosecution touch the man who has made Rs 14,000 crore in this. They cannot touch him. This is my challenge (to CBI). Picking and choosing (the accused) is not permissible in law," Raja's counsel and senior advocate Sushil Kumar contended before Special CBI Judge O P Saini.

The DMK MP said nine telecom companies were issued 2G licences but CBI alleges that he conspired only with two companies -Swan Telecom andUnitech Wireless of Sanjay Chandra - leaving out Tata Teleservices and others.

Unitech Wireless sold 67 per cent equity for Rs 6,120 crore whereas Tata Teleservices got Rs 13,973 crore by selling only 27 per cent equity, he said, adding even then Tata Teleservices was not accused by CBI of committing any offence.

"Who is a better businessman - Sanjay Chandra of Unitech or Ratan Tata of TataTele Services?? And then they say we kept them (Tata) out of Delhi circle," Raja said.

He accused CBI of adopting "pick and choose" policy for making Swan Telecom and Unitech Wireless as conspirators in the entire episode.

"Nine companies have got the licences - Unitech Wireless, S-Tel, Systema Shyam Telelinks, Swan Telecom,Datacom Services,Loop Telecom, Tata Teleservices,Spice Communication andIdea Cellular. We are dealing with only two companies (Swan Telecom and Unitech Wireless) now.

"Case of the prosecution is that each one of these companies has sold their licence and on this, the presumptive loss is at about Rs 22,000 crore. Out of these nine companies, only two are before this court as accused. Why other seven comapnies are not there," Kumar submitted.

Two more companies - Videocon Telecommunication and Allianz Infratech - were also alloted 2G licences.

He alleged Tata Teleservices made money in allocation of spectrum and made around Rs 14,000 crore.

"Everyone (telecom companies) has got foreign equity induction. Tata Teleservices has got Rs 14,000 crore in this. Swan Telecom has got around Rs 3,600 crore,S-Tel got Rs 861 crore whileSystema Shyam Telelinks got Rs 211 crores.

"Induction of equity by permissible route is not black money. CBI calls it illegal money as I did not auction the licences," he said.

"CBI, however, is maintaining that when DB Realty gave its shares (in Swan Telecom) to bring in money, it amounted to sale and so is the case with Unitech (Wireless). But when Tata Teleservices give its shares to bring in FDI, it, according to CBI, does not amount to sale," Raja argued.

"The sin of Swan Telecom and Unitech Wireless is that they have good contacts aborad and they managed to get money from there and thus they are here in jail. How can you (CBI) build a case if they will let off Tata Teleservices or say S-Tel and others?," he said.

    
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26 Jul 2011(IST)  
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