Asia Bizz: Ratan Tata Asks Government To Investigate Into The Phone License Sales

Ratan Tata, Chairman of the Tata Group, and also one of the most prominent people in country, has officially asked the government of India to investigate and look into the sales of the phone licenses, an issues which has been challenged recently in an official audit. He said “I wish the government would take a stand, bring an auditor in the thing, have an investigation, book people who are guilty,”.

photo: reuters

The government was under speculation recently after they had awarded many companies, phone licenses at a relatively low price, which has now cost the government a loss of $31 billion. In a report it has been mentioned the government has officially collected around $2.7 billion from the sale, according to the CAG (Comptroller and Auditor General) of India.

The CAG has now become quite furious after the 2G spectrum scandal of India, he stated that the sale lacked “transparency and was undertaken in an arbitrary, unfair and inequitable manner,”. After the exposure of the 2G scam the Telecom sector on India is under strict scanner and the statement made by Mr. Tata is quite strong in context to the phone license.

Source: Bloomberg


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