7 years, 3 months ago

2G Spectrum Case: Videocon Telecom to file Rs 10,000 crore damage claim against govt

Videocon Telecommunications is planning to file over Rs 10,000 crore compensation claim against the government after CBI court gave clean chit to all accused in 2G spectrum allocation case,a company source said. The Central Bureau of Investigation court on December 21, 2017 gave clean chit to all accused, including the then telecom minister A Raja, in 2G spectrum allocation case of 2008. The Supreme Court judgement in 2012 had cancelled 122 telecom licence in 2G spectrum allocation done under the regime of Raja, which included 15 licences of Videocon. Following the apex court judgement, Videocon participated in spectrum auction and purchased permit in 1800 MHz band, then known as 2G spectrum, across six circles - Bihar, UP, UP, Haryana, Madhya Pradesh and Gujarat in November 2012 for Rs 2,221.44 crore.

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