Feb 7, 2011

Scam bigger than 2G

The Comptroller and Auditor General suspects a scandal bigger than 2G in the allocation of S-band spectrum.

The loss purportedly runs into Rs 2 lakh crore, while the 2G spectrum scandal, which cost A Raja his job as telecom minister, is believed to have cost the nation a little less, at Rs 1.7 lakh crore.

The Department of Space and ISRO are under the scanner because the CAG has found that the deal was awarded without competitive bids being invited.

The Hindu reports: "Hard on the heels of its explosive investigations of the 2G spectrum allotments made in 2008 by the Department of Telecommunications, the Comptroller and Auditor General (CAG) has started inquiries into a 2005 agreement between the Indian Space Research Organisation's commercial arm Antrix Corporation Ltd. and Devas Multimedia Private Ltd."

The company that allegedly benefited from the deal, Devas Multimedia, is headed by Dr M G Chandrashekhar, who was earlier scientific secretary at ISRO.

No comments:

Post a Comment