2G: Public loss, private gain?

If there is no loss to the government in the 2G scam, and telecom firm owners have made no money, what really is the CBI probing? So the Central Bureau of Investigation or CBI has said that it does not have any evidence of a money trail between Sanjay Chandra of Unitech and former telecom minister A Raja to suggest a quid pro quo. Mr Chandra and Mr Raja are in jail over the so-called 2G spectrum scam. Unitech conspired with Mr Raja, the allegation goes, to get telecom licences (and inexpensive spectrum) ahead of others, and then made pots of money by selling a majority stake to Telenor of Norway — the money that should have accrued to the government was fraudulently pocketed by Mr Chandra. But now, after CBI’s confession, the conspiracy theory looks shaky.

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