Andimuthu Raja, the former telecom minister who was recently acquitted in the 2G scam trial, has alleged in a new book that the entire episode was the opposition’s attempt to bring down the UPA-II.
An inconvenient question two days after A. Raja and Kanimozhi are acquitted, and on the day Lalu Prasad Yadav is convicted and Jagannath Mishra is acquitted.
Judge Saini also said that since there were no ‘proceeds of crime’, there was no offence of money laundering, since there was no money to be laundered.
In this excerpt from his book titled 'Not Just An Accountant', former CAG Vinod Rai writes about how the auditor came up with the number and its consequences.
Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
MR VINOD RAI FORMER COMPTROLLER OF OF INDIA AUDITED 2G LICENSING & FIND OUT A LOSS TO TUNE OF Rs 1,76,000 CRORES THAT HE WAS UNABLE TO PROVE IN PUBLIC ACCOUNTS COMMITTEE. EVEN AN ORDINARY BUSINESS MAN KNOWS:
“IF SOMEONE HAVE SUFFERED LOSS IMPLIES THAT OTHER ONE MUST HAVE GAIN.”
HERE NOBODY GAINED SO NO LOSS IS THERE. SUCH ACTION OF PUT A QUESTION MARK ON THE TRUSTWORTHINESS OF CAG OF INDIA.
HENCE CBI COURT VERDICT SUPPORTED IT.
A line in a song in an old Sivaji Ganesan movie (Tiruvilayadal) translates into English like this: “he kept changing the accounts in his ledger; but God’s account (of his actions) never lied, so he fell (into retribution)”. Andipatti Raja is guilty has hell; and hell is where he is certainly headed. It is not about Vinod Rai, or his Rs 1.76 lakh crore loss estimate. Spectrum could be sold cheap or even given away free–the logic that it will benefit consumers is sound. But this man advanced the cut-off date, so that only a few who were tipped off about it bagged the spectrum, which they sold it for handsome profits to others. This means, that ultimately the telecom operator did not get spectrum cheap, he bought it for a high price from the market. The beneficiaries were not consumers, but those who arrived at Raja’s office sooner, and Raja himself. If prices of telephony are down today, it is because of the cut-throat competition in the market. The argument, “see? your calls are cheap, therefore Raja’s action was good” is patently stupid. Calls are cheap because of the cut-throat competition in the market. Telecom companies are NPAs today because they paid high–not low–prices for spectrum that they bought in the market, from companies that were favoured by Raja. If they had paid low for spectrum, today’s low call prices would not be bleeding them, and the banks wouldn’t have lost their money.
Raja has been acquitted on technical grounds. The essence of the judgement is, no matter what Raja did or did not do, show me that he took bribes from the telecom companies who bought spectrum under FCFS. That is not easy, a seasoned crook knows how to keep his tracks covered. Raja may or may not be convicted in higher courts, but he cannot escape divine retribution. He should remember the line from Tiruvilayadal:
“Ettu Kanakka Maathi Maathi Ezhudhi vechchaaru –
Eesan Potta Kanakku Maaravilla Poi Vizhundhaaru!”
It is a triangle conspiracy authored by Subramanya Swamy, Murali Manohar Joshi and Vinod Rai. We know about the first two and their political background. Then we should drive to a conclusion based on the formula that if a=b, b=c and then a=c
It is unfortunate that the current government is after easy money ,may it be from the petroleum products or from the auction of telecommunication operations. It doesn’t think of general public of India other wise it would have passed on the benefits of the cheap international crude oil to the poor public of India. What is the government for ? To make a profit out of the auctions and let the poors fight the inflation out of this profit making,on their self. Nation becomes rich and poors are getting poorer. Alas ! We never dreamt of this kind of developing country where rich and powerful populace taste the fruit of this fragile development and poors dying their death with sweet dreams of virtual development assured to them by the jugglers in the power.Long live poors of India to see the development of the sovereign of India.long life is the only hope to them to see the development if comes to them in real terms.
CAG Vinod Rai was rightly shocked by the cavalier manner in which scarce natural resources were being given away at one sixth the fair price for spectrum and virtually free of cost for coal. If the intention was that concessional pricing of inputs would result in more affordable calls or power, that object was defeated when licences were monetised by the allottees, who had no relevant experience in the domain. Even the mechanics of allotment, whether it was FCFS or decisions of the screening committee, there were sufficient distortions / aberrations that led to criminality being alleged and, in some cases, proved in a court of law. 2. The apex court would have thought through very deeply the commercial / contractual complications before it decided to rescind both sets of allotments and restore these priceless resources to public ownership. As far as Shri Vinod Rai is concerned, one is certain he would have done exactly what he did had the NDA been in power and UPA in the opposition.
/This book will not impact the credibility of the office of the CAG. The general belief about Raja’s guilt will prevail. Nothing he says in the book will carry any credibility. The book will be read like salacious gossip is read. It will not get any serious traction among serious people/
After reading the above statement i thought bushan already read the book. It became a shock to me to read the next line.
/I certainly do not intend to read it./
wow. What a objective application of mind!
CAG is assuming about loss, bushan gives judgement about a book he is/was/will gonna read. then he says
/The general belief about Raja’s guilt will prevail/
Again he goes to general belief.
Pls accept Rajas offer to open debate. We poor people will came to know about the truth.
Good Prashant Bhushan. keep your ears and eyes closed. you did not even bothered to listen about raja’s arguments.
I feel ashamed about myself because in the past i went with public perception and not bothered about raja’s arguments. All in the nation did the same.
Raja may be wrong but why you people are denying him the baisc right to be heared of his side of arguments.
BTW Why cant you accpet raja’s offer to debate in open forum.
MR VINOD RAI FORMER COMPTROLLER OF OF INDIA AUDITED 2G LICENSING & FIND OUT A LOSS TO TUNE OF Rs 1,76,000 CRORES THAT HE WAS UNABLE TO PROVE IN PUBLIC ACCOUNTS COMMITTEE. EVEN AN ORDINARY BUSINESS MAN KNOWS:
“IF SOMEONE HAVE SUFFERED LOSS IMPLIES THAT OTHER ONE MUST HAVE GAIN.”
HERE NOBODY GAINED SO NO LOSS IS THERE. SUCH ACTION OF PUT A QUESTION MARK ON THE TRUSTWORTHINESS OF CAG OF INDIA.
HENCE CBI COURT VERDICT SUPPORTED IT.
A line in a song in an old Sivaji Ganesan movie (Tiruvilayadal) translates into English like this: “he kept changing the accounts in his ledger; but God’s account (of his actions) never lied, so he fell (into retribution)”. Andipatti Raja is guilty has hell; and hell is where he is certainly headed. It is not about Vinod Rai, or his Rs 1.76 lakh crore loss estimate. Spectrum could be sold cheap or even given away free–the logic that it will benefit consumers is sound. But this man advanced the cut-off date, so that only a few who were tipped off about it bagged the spectrum, which they sold it for handsome profits to others. This means, that ultimately the telecom operator did not get spectrum cheap, he bought it for a high price from the market. The beneficiaries were not consumers, but those who arrived at Raja’s office sooner, and Raja himself. If prices of telephony are down today, it is because of the cut-throat competition in the market. The argument, “see? your calls are cheap, therefore Raja’s action was good” is patently stupid. Calls are cheap because of the cut-throat competition in the market. Telecom companies are NPAs today because they paid high–not low–prices for spectrum that they bought in the market, from companies that were favoured by Raja. If they had paid low for spectrum, today’s low call prices would not be bleeding them, and the banks wouldn’t have lost their money.
Raja has been acquitted on technical grounds. The essence of the judgement is, no matter what Raja did or did not do, show me that he took bribes from the telecom companies who bought spectrum under FCFS. That is not easy, a seasoned crook knows how to keep his tracks covered. Raja may or may not be convicted in higher courts, but he cannot escape divine retribution. He should remember the line from Tiruvilayadal:
“Ettu Kanakka Maathi Maathi Ezhudhi vechchaaru –
Eesan Potta Kanakku Maaravilla Poi Vizhundhaaru!”
It is a triangle conspiracy authored by Subramanya Swamy, Murali Manohar Joshi and Vinod Rai. We know about the first two and their political background. Then we should drive to a conclusion based on the formula that if a=b, b=c and then a=c
It is unfortunate that the current government is after easy money ,may it be from the petroleum products or from the auction of telecommunication operations. It doesn’t think of general public of India other wise it would have passed on the benefits of the cheap international crude oil to the poor public of India. What is the government for ? To make a profit out of the auctions and let the poors fight the inflation out of this profit making,on their self. Nation becomes rich and poors are getting poorer. Alas ! We never dreamt of this kind of developing country where rich and powerful populace taste the fruit of this fragile development and poors dying their death with sweet dreams of virtual development assured to them by the jugglers in the power.Long live poors of India to see the development of the sovereign of India.long life is the only hope to them to see the development if comes to them in real terms.
CAG Vinod Rai was rightly shocked by the cavalier manner in which scarce natural resources were being given away at one sixth the fair price for spectrum and virtually free of cost for coal. If the intention was that concessional pricing of inputs would result in more affordable calls or power, that object was defeated when licences were monetised by the allottees, who had no relevant experience in the domain. Even the mechanics of allotment, whether it was FCFS or decisions of the screening committee, there were sufficient distortions / aberrations that led to criminality being alleged and, in some cases, proved in a court of law. 2. The apex court would have thought through very deeply the commercial / contractual complications before it decided to rescind both sets of allotments and restore these priceless resources to public ownership. As far as Shri Vinod Rai is concerned, one is certain he would have done exactly what he did had the NDA been in power and UPA in the opposition.
/This book will not impact the credibility of the office of the CAG. The general belief about Raja’s guilt will prevail. Nothing he says in the book will carry any credibility. The book will be read like salacious gossip is read. It will not get any serious traction among serious people/
After reading the above statement i thought bushan already read the book. It became a shock to me to read the next line.
/I certainly do not intend to read it./
wow. What a objective application of mind!
CAG is assuming about loss, bushan gives judgement about a book he is/was/will gonna read. then he says
/The general belief about Raja’s guilt will prevail/
Again he goes to general belief.
Pls accept Rajas offer to open debate. We poor people will came to know about the truth.
/I certainly do not intend to read it/
Good Prashant Bhushan. keep your ears and eyes closed. you did not even bothered to listen about raja’s arguments.
I feel ashamed about myself because in the past i went with public perception and not bothered about raja’s arguments. All in the nation did the same.
Raja may be wrong but why you people are denying him the baisc right to be heared of his side of arguments.
BTW Why cant you accpet raja’s offer to debate in open forum.