2G case: A Raja gets bail after 15 months, out of Tihar Jail

Being accused for 15 months, a long period of passing in jail in 2G spectrum allocation scam case, Former telecom minister A Raja, on Tuesday ready to walk on the street of public as special Central Bureau of Investigation (CBI) court granted his bail and after few hours freed him from Tihar Jail.

CBI court’s judge O P Saini granted bail of Raja on a surety of Rs 25 lakh and would not try to influence any witnesses while on bail. Along with this, court also restricted his entry in Tamil Nadu without court’s permission and also directed not to visit the office of the Department of Telecom (DoT).

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A Raja seeks bail after Siddharth Behura gets bail from Supreme Court

A day ahead when CBI special court claiming the right of parity with the 13 accused who all has been granted the relief, Former Telecom Minister A Raja moved the Delhi High Court for his bail.

His move came following former Telecom Secretary Siddharth Behura’s release with right of parity by Supreme Court on Rs5 lakh surety and Rs10 lakh bail bond.

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Telecom chiefs to meet with Telecom Minister Kapil Sibal and others

Kapil Sibal 300x246 Telecom chiefs to meet with Telecom Minister Kapil Sibal and othersHighlighting the controversial spectrum issue, a meeting is likely to be held by four top profile telecom companies’ executives with Telecom Minister Kapil Sibal on Wednesday, discussing the proposal recommendations of TRAI in spectrum auction.

The chiefs of Bharti Airtel, Vodafone, Idea Cellular and Telenor, are to be presented in the meeting to put their concerns in front of R Chandrashekhar, secretary, Department of Telecommunications (DoT),

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Norway’s Telenor writes down remaining Indian assets worth $680.9 million

Telenor 300x228 Norway’s Telenor writes down remaining Indian assets worth $680.9 millionTrai’s auction proposal that already faced refusal from the five top telecom companies is now opposed by a great disapproval from side of Norway’s Telenor that has showed it recently by written downing its 3.9 billion Norwegian crowns ($680.9 million) assets in India.

The company’s downing decision is forthcoming step to exit from Indian market if the government approved Trai’s proposal to hike reserved price upto to 13 times the price used in 2008.

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TRAI hikes 2G base rate to Rs 3,622 crore

TRAI2 300x250 TRAI hikes 2G base rate to Rs 3,622 croreAfter cancelling all 122 licences under the Supreme Court’s verdict in February, it ordered government to conduct auction spectrum procedure within four months.

As per SC direction, Trai on Monday proposed its recommendations for this.

By allowing all service providers new as well as existing to freely part in auction of pan-India second generation (2G) spectrum for a licence, Telecom regulator Trai has announced the reserve price for 1 MHZ of spectrum in the 1800 megahertz band of Rs 3,622.18 crore.

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2G Case: Ravi Ruia and other exempted from personal appearance

Ravi Ruia 300x205 2G Case: Ravi Ruia and other exempted from personal appearanceThe Patiala House Court in Delhi has granted Loop Telecom and Essar Group promoters’ exemption from personal appearance after their lawyers appeared in place of them before the court today in connection with the 2G case.

It is of second time that the promoters of Loop and Essar Group were not appeared before court for hearing.

Hesitating to be appearing in court, Ravi Ruia and Anshuman Ruia, promoters of Essar, I P Khaitan and Kiran Khaitan, promoters of Loop Telecom, and Vikas Saraf, Director (Strategy and Planning), Essar, are again issued summons for personal appearance by the court.

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2G scam: ED registers case against Dayanidhi Maran

Dayanidhi Maran 300x237 2G scam: ED registers case against Dayanidhi MaranTime is going to be more difficult for former Union Minister Dayanidhi Maran as the Enforcement Directorate has registered a money laundering case against Dayanidhi Maran and his brother Kalanidhi in granting telecom licences in 2004-05.

As per report, the case registered under the Prevention of Money Laundering Act (PMLA), over an illegal gratification of Rs 550 crore, accepted through Kalanidhi in the Aircel-Maxis deal.

Reportedly, a contract between Anantha Krishnan –owned Maxis Communication and Sivashankaran-owned Aircel had dealt to invest Rs 550 crore in Sun TV and Sun DTH. In return Maxis got a stake of Aircel.

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No role of P Chidambaram detected in 2G Case: Supreme Court

Amid of assembly election campaign for UP, the dismissal of Janata Party president Subramanian Swamy’s plea against Home Minister P. Chidambaram by the CBI special court is really a joyful moment as a part of which celebrated by Congress party.

By refusing the Swamy’s plea, the CBI court has ruled, “There was no sufficient ground in Dr. Swamy’s plea for seeking the prosecution of Mr. Chidambaram, though he was party to keeping the 2G spectrum prices in 2008 at the 2001 levels and dilution of equity by two companies before the rollout of services.”

Decision in favour of Chidambaram would be really a winning fact for the UPA government and the Congress party which were under the pressure of its impact on assembly election.

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Relief for P Chidambaram as 2G case dismissed

P Chidambaram 300x256 Relief for P Chidambaram as 2G case dismissedToday, trial court dismissed the Swamy’s plea against Home Minister P Chitambaram to make him a co-accused over 2G scam.

Special CBI judge OP Saini delivered his judgment after 1 this afternoon to a packed court-room and has ruled that all the allegations filed against P Chidambaram as tried for criminal culpability in the telecom scam have been rejected.

Announcing his judgment, Judge OP Saini said, “Prayer of Swamy to make Chidambaram an accused is dismissed”.

Reacting on the rejecting of a petition filed against Chidambaram to be made a co-accused in the telecom scam, which was allegedly fathered by A Raja during his infamous term as Telecom Minister, Mr Swamy said that he was surprised by the order and that he announced in his statement that he would approached to High Court within three months against Special CBI Judge OP Saini’s order in the 2G scam.Swamy said, “I am surprised because my evidence against Chidambaram was complete.”

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2G Scam: SC Judge to hear Chidambaram matter at 12:15pm

On the basis of plea filled by Janata Party Chief Subramanian Swamy, the Supreme Court had cancelled all the 122 telecom licenses on Friday that allocated by former communications minister A Raja to eight telecom companies.

And the Court left the issue whether “Chidambaram should be made co-accused or not” to the trial court of Special CBI in Delhi to decide on Swamy’s plea.

The apex court had cancelled the 122 telecom licenses without found any involvement as a part of the Prime Minister and P Chidambaram. Then it left the case to the lower court and asked not to get influenced by its decision.

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