29-12-2012, 12:06 PM
2G SCAM
2G SCAM.pptx (Size: 932.44 KB / Downloads: 22)
Parties accused of involvement
Politicians
Bureaucrats who had the authority to sell licenses, corporations who were buying the licenses
Media professionals who mediated between the politicians and the corporations
Corporates
Facts & Figures
Price was allotted into 2008 was accounted in 2001
Break the rule of Prime Minister Office and eligibility criteria for a Company
No Proper allocation
Prepond of deadlines
No Regulations for Companies to sell stake to other companies
Ex: 1.Unitech Group bought 1,661 crores and sold 60% stake 6,200 to Telenor Norway Co.
2. Swan bought 1,537 crores and sold 45% stake 4,200 crores to Etisalat UAE Co.
3. Tata Teleservices sold 26% stake to NTT Docomo for 50,269 crores but actual Value was 13,070
Ethical Issues
Profit was the main driving force – no intention to serve consumers
Collective responsibility not conserved
Too much power in hands of very few
Spirit of fair competition not observed
Middle men used for access to those in power
Pure pursuit of profit from companies – Uninor & Swan
Personal greed puts business ethics at stake: Wrong use of power leads to a great turmoil
Measures for Improvement
Democracy by governance than by coalition
Precedence to fairness rather than precedent
More accountability of govt. departments to regulators
Regulatory bodies equipped with more resources
Separation of Duties and Conflict of Interest to be noted in public appointments
Internal control measures from the media industry to preserve credibilitity
2G SCAM.pptx (Size: 932.44 KB / Downloads: 22)
Parties accused of involvement
Politicians
Bureaucrats who had the authority to sell licenses, corporations who were buying the licenses
Media professionals who mediated between the politicians and the corporations
Corporates
Facts & Figures
Price was allotted into 2008 was accounted in 2001
Break the rule of Prime Minister Office and eligibility criteria for a Company
No Proper allocation
Prepond of deadlines
No Regulations for Companies to sell stake to other companies
Ex: 1.Unitech Group bought 1,661 crores and sold 60% stake 6,200 to Telenor Norway Co.
2. Swan bought 1,537 crores and sold 45% stake 4,200 crores to Etisalat UAE Co.
3. Tata Teleservices sold 26% stake to NTT Docomo for 50,269 crores but actual Value was 13,070
Ethical Issues
Profit was the main driving force – no intention to serve consumers
Collective responsibility not conserved
Too much power in hands of very few
Spirit of fair competition not observed
Middle men used for access to those in power
Pure pursuit of profit from companies – Uninor & Swan
Personal greed puts business ethics at stake: Wrong use of power leads to a great turmoil
Measures for Improvement
Democracy by governance than by coalition
Precedence to fairness rather than precedent
More accountability of govt. departments to regulators
Regulatory bodies equipped with more resources
Separation of Duties and Conflict of Interest to be noted in public appointments
Internal control measures from the media industry to preserve credibilitity