Unitech made the most of favours
Former telecom minister A Raja’s proximity to Unitech director Satish Chandra helped make his company the largest beneficiary in 2G spectrum licence scam.india Updated: Apr 04, 2011 00:46 IST
Former telecom minister A Raja’s proximity to Unitech director Satish Chandra helped make his company the largest beneficiary in 2G spectrum licence scam.
Raja did not refer the decision to change the cut-off date for acceptance of applications for telecom licenses to the Empowered Group of Ministers as he wanted to help Unitech, the chargesheet filed by the CBI has indicated.
Initially, Unitech applied as a conglomerate of eight companies for 2G spectrum licence in 2007. The eight group companies of Unitech Wireless were — Aska Project Ltd, Nahan Properties Pvt Ltd, Unitech Builders and Estates Pvt Ltd, Unitech Infrastructure Pvt Ltd, Azare Properties Ltd, Adonis Projects Pvt Ltd, Hudson Properties Ltd and Volga Properties Pvt Ltd.
All these companies submitted false certificates from the Company Secretary in respect of paid-up capital.
Moreover, minimum eligibility of share capital was waived off from R10 crore to R5 lakh, a favour being linked to Raja and his associates for Unitech group.
“Unitech Wireless (representing all the 8 Unitech group companies later merged into it) had its demand draft ready by 10 October 2007, even before the decision was taken to call the applicants for the issuance of letter of intent,” the CBI chargesheet alleged.
A CBI official said then telecom secretary Siddhartha Behura and Raja’s personal secretary RK Chandolia played a key role in making changes to documents submitted by Unitech to ensure it was eligible for 2G spectrum licences.