India’s Supreme Court extends examination of 2G licensing

16 Dec 2010

Amid continued claims of alleged corruption relating to the sale of 2G spectrum, it is understood that India’s Supreme Court has now called for the Central Bureau of Investigation (CBI) to examine all mobile spectrum allocation since 2001, the Wall Street Journal reports. With the CBI having previously focused its attentions squarely on the sale of 2G frequencies that took place in 2008, the court has directed it to expand its probe into the matter with a view to determining how much revenue the government may have lost as a result of alleged irregularities in the awarding of concessions. A two-judge bench comprising Justice G.S. Singhvi and Justice A.K. Ganguly has requested that the CBI, which has reportedly been examining the matter for more than a year now, submit its final report on 10 February 2011. In addition, the CBI has also been asked to consider allegations in a report filed last month by the Comptroller and Auditor General of India (CAG) that many companies that received licences and bandwidth in 2008 were actually ineligible, and to examine why the regulator took no action. Meanwhile, the Enforcement Directorate, which is investigating any illegal fund transfers linked to the matter, has been called on to put forward its own findings by that same date.