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2G spectrum case: Court likely to declare judgement today

ET Bureau|
Dec 21, 2017, 01.36 AM IST
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The Supreme Court declared the system of allocating airwaves faulty and cancelled the 122 licences belonging to nine telcos in 2012
The special CBI court is likely to pronounce the judgement in the 2G scam on Thursday, which rocked the telecom sector some years ago and played a major part in cementing the UPA government's reputation of being corrupt.

The case involved allocation of 122 telecom licences, bundled with spectrum, at prices determined in 2001 on a first-come-first-served basis by then telecom minister A Raja in 2008. The Comptroller and Auditor General said that by not auctioning these airwaves, the government suffered a notional loss of Rs 1.76 lakh crore.

CBI pegged the loss at Rs 30,984 crore. The Supreme Court declared the system of allocating airwaves faulty and cancelled the 122 licences belonging to nine telcos in 2012. ET takes a look at those accused of being involved in the scam and the charges against them:

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