By New Delhi: Former Minister of Telecommunications A. Raja – who accused the “big fraud” in the new 5G spectrum auction that had just been concluded – asked “where the money was missing”, referring to the big difference between the amount resulting from the auction (RS 1.5 Lakh Crore) and the projected income from sales (RS 5 Lakh Crore).
The 5G spectrum auction, which began on July 26, ended on Monday, August 1.
According to the Hindustan Times, the king on Thursday, August 4, asked, “Where was the money missing? Where did the error occur? The current government must investigate this. “
The leader of Dravida Munnetra Kazhagam (DMK), who was a telecommunications minister in the UPA government, was accused of being suspected 2G fraud. The king was under fierce criticism, especially from the Bharatiya Janata Party (BJP), which was then in the opposition. This problem has assumed political significance ahead of the 2014 general election, with BJP succeeded in using it politically to mobilize the public mood of UPA.
However, the king was released together with 34 more in 2017 by the Delhi Court, who said the central investigation bureau (CBI) had “failed to prove the accusation of one of the defendants, made in the accusation sheet well designed”.
Speaking to reporters at Chennai on Thursday, he said, “The government itself estimates that 5G will be sold up to 5 Lakh Crore. But now 5G has been auctioned only 1.5 Lakh Crore. “
He referred to the price of Crore Rs 4.3 reserves which was determined with a total of 72 Gigahertz from the spectrum in 22 telecommunications circles before the offer was opened. The government, however, is aware of only 35% of the backup price, HT report said.
When I recommend only 30 MHz spectrum to the Indian Telecommunications Regulatory Authority (Trai), the regulatory authority, at that time CAG [Financial Supervisor and General Auditor] Vinod Rai said the loss of RS 1.76 Lakh Crore to the government. But now 51 GHz from the 5G spectrum is being sold in a lower number, “he said earlier on Wednesday, August 3, according to Hinduism, seeking an investigation of the problem.
When you are looking for something on the internet, you will get results in 10 seconds when you use 2G, 5 seconds when you use 4G, and in 5G, you will get results in a second. That’s 5G efficient. When you compare numbers based on this efficiency, the 5G auction should attract offers worth at least RS 5 or 6 Lakh Crore.
We do not know whether planning or estimation is incorrect, or whether they only get these numbers from the air, or if the Union government has been colluding with certain companies to commit this fraud. All of this must be investigated now, “the former telecommunications minister said on Wednesday, according to news minutes.
In response, Ashwini Vaishnaw’s ruling telecommunications minister rejected the king’s reading into this issue. “I was surprised to see this coming from former ministers. Many bands are not sold, what is not sold for the remnants of the government. How is it a fraud? “Vaishnaw has told The Hindu on Wednesday.
The Minister has explained that of the total auction, the spectrum sold is worth RS 1.50.173 Crore and the spectrum that is not sold in RS 2,81,432 Crore. He had added that the spectrum band 600 MHz and 2300 MHz remained not fully sold because of the weak cellular telephone ecosystem in the segment.
The 5G spectrum auction began on July 26 and continued until August 1 for seven days. The offer went up from RS 1.5 Lakh Crore spread in 40 rounds. In accordance with the Ministry of Telecommunications, 5G will be launched in India in October.
According to Indian Express, Reliance Jio appeared as the largest bidder in auction and gained nearly half of all air waves sold at more than 88,000 crore hospitals, and also one -only (among the four applicants) who had obtained a spectrum in the Premium 700 MHZ band .
Former Minister of Telecommunications in the United Progressive Alliance (UPA) Government is considered as the face of the 2G spectrum fraud that was revealed after that time Financial Supervisors and Auditor General Vinod Rai claimed that the 2G allocation process in 2007-08 caused losses from RS 1.76 Lakh Crore to the Minister Finance. The theory of alleged losses of Rai is questionable and CBI in its billing places the estimated loss in the range of RS 20,000-30,000 Crore