Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

PAC summons Tata, Anil Ambani, Radia in 2G probe
BS Reporter / New Delhi Mar 29, 2011, 00:51 IST

The Public Accounts Committee (PAC) of Parliament has summoned leading industrialists like Tata Group Chairperson Ratan Tata, Reliance Communications Chairman Anil Ambani and corporate lobbyist Niira Radia on recent developments in the telecom sector, including the allocation of 2G spectrum.

It is learnt that officials of other telecom companies, including Bharti Airtel, STel, and Unitech Group, have also been called to appear before the PAC on April 4 and 5. Unitech’s Sanjay Chandra, Etisalat DB’s Vinod Goenka and STel’s Sivasankaran has also been called.

According to people close to the development, the PAC will meet on April 4 and 5 to discuss the 2G spectrum allocation case, which led to the resignation of former communications minister A Raja in November 2010. He was later arrested and is still under custody.

In a statement, a Tata Sons spokesperson said, “R N Tata has expressed his willingness to appear before PAC on

April 4 in connection with the recent developments in the sector, including allocation of 2G and 3G spectrum.” In another statement, a Reliance spokesperson also said, “Anil Ambani welcomes the opportunity to appear before PAC.”

Radia is chairperson of Vaishnavi Corporate Communications, which has Tata Group and Reliance as its clients.

A spokesperson from Vaishnavi Corporate Communications said, “We continue to extend our cooperation and will be present before the PAC to answer queries and present any clarifications.”

According to agencies, PAC Chairperson Murli Manohar Joshi, as well as several members of the panel had expressed satisfaction and happiness with the deposition made by senior journalists Vinod Mehta (Outlook) and Manu Joseph (Open), who had first written about the 2G controversy including the Radia tapes.

The chief of Etisalat DB (earlier Swan Telecom), Shahid Usman Balwa, was also arrested in the ongoing 2G spectrum case. CBI is investigating the whole matter and the Supreme Court is monitoring the probe.

PAC has also sought details from the Department of Telecommunications on issues of 2G spectrum allocation and other developments in the sector. The details have been sought on side-tracking the views and concerns of the Ministry of Finance by Raja, the first-come, first-served policy and ignoring the advice of the Ministry of Law and Justice to refer the issue of new licences in 2007 to the group of ministers (GoM). PAC has also asked for the reasons for not delinking spectrum from the licence.

A Joint Parliamentary Committee has also been set up to look into all the details of the 2G spectrum allocation in 2008 and in the telecom sector from 1998 onwards.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Dissidence brewing in state: Senior BJP leaders team up against Modi
- Tata Motors skids as margins dip at JLR
- Rupee-sensitive stocks risky for new investors
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us