INDIA’S 2G CORRUPTION SCAM RACKS UP BILLIONS OF DOLLARS OF LOSSES TO THE GOVERNMENT
May 1st, 2011
BY RAGHAVENDRA VERMA
INDIA'S multi-billion dollar '2G' scam is a startling example of extreme arbitrariness and blatant disregard to rules during a tendering process to make illicit money. Raghavendra Verma in New Delhi explains how the manipulation in the government's distribution of mobile telephony frequency became the country's biggest ever financial scandal.
The corrupt loss of US dollars USD 36.6 billion in government revenue began in August 2007 when India's ministry of telecommunications ignored the advice of ministry of finance, ministry of law and ...
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