21 September 2011

What was Chidambaram's role in 2G Scam

The Supreme Court has been hearing a plea by Janata Party president Subramanian Swamy seeking that a CBI probe on P Chidambaram's role as the then finance minster when 2G licenses were granted in January 2008. Today, as Swamy submitted factsheet on 2G at the Supreme Court, CNBC-TV18's economic policy editor, Siddharth Zarabi shares exclusive details of the same.
One of these documents is a letter dated back to March 25, 2011, which is almost over a month after A Raja was arrested and had to step down from the DoT.
The key contention of this 11 page factsheet which has been submitted by the finance ministry to the Prime Minister office written by Doctor PGS Rao, a deputy director in the finance ministry and addressed to Vini Mahajan, joint secretary in the Prime Minister�s office at that stage, dealing with matters including telecom department.
There are several key contentions � the finance ministry stuck to its guns and continued with the correspondence that it had initiated before the grant of licenses on January 10 2008 then the entry fee, the key point of contention that Rs 1651 crore was too low, 2001 prices should have been revised, that would have been sort of done in favour as the finance ministry wanted.
This note claims to have been seen, approved, and sent with the approval of finance minister Pranab Mukherjee. On March 25, 2011, Pranab Mukherjee was already the finance minister for well over two years, which is the key point that is being sort of noticed in this 11 page fact sheet. The finance ministry under Mukherjee has infact submitted a factsheet of this kind to the Prime Ministers office which directly or indirectly in some words without sort of being very explicit but at some place being quite clear, seeks to pin the blame of the 2008 incidence on the then finance ministry.
Therefore in some way it ropes in then Finance Secretary and current RBI Governor Duvvuri Subbarao. It takes into account Additional Secretary of the DA at that time Sindhushree Khullar and a whole host of other officials who were involved in the correspondence with the Department of Telecom. So, at this stage this fresh piece of evidence as has been submitted in court, the court hasn't pronounced its orders yet, the expectation is that arguments will continue.
A new twist has been delivered and Swamy is trying to bring on record the fact that the finance ministry, after Chidambaram had moved to the home ministry, has sought to blame the role on Chidambaram's ministry-ship at north block. Hence, it is the big political message that people are drawing at this stage from the fresh new evidence provided by Swamy.

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