Indian police charged three telecoms firms, a former Indian minister and several executives with a range of crimes on Saturday in a multibillion dollar licensing scandal, potentially the biggest graft case in Indian history.
Charges in the case, which has rocked India’s business and government establishments, were handed down against former Indian telecoms minister Andimuthu Raja and the firms Reliance Telecom, Unitech Wireless and Swan.
Reliance Telecom is a unit of No. 2 mobile phone operator Reliance Communications, part of Reliance ADA Group, one of India’s biggest and most influential conglomerates.
Unitech Wireless, owned by realty firm Unitech, is the Indian joint venture partner of Norway’s Telenor and Swan is the joint venture partner of Emirates operator Etisalat.
Raja was the Indian telecoms minister at the time of a flawed 2008 mobile phone license allocation process.
“The charges are conspiracy, cheating, forgery of documents, abuse of official position and abetment,” A.K. Singh, special public prosecutor, told reporters after the charges were filed.
The managing director of Unitech, the vice chairman of Etisalat’s India arm, three officials from Reliance and two other government officials were also charged.
Not all of the accused face all five charges.
The graft scandal has damaged confidence in the Congress-led coalition government, led to calls for the resignation of Indian Prime Minister Manmohan Singh and worried investors in Asia’s third-largest economy.
It is one of the several corruption scandals that have emerged during Singh’s second term, hobbling policymaking and diverting the government’s attention away from pushing forward crucial economic reforms.
Some of India’s leading businesses have been questioned and past official decisions scrutinized or reversed. These events have weighed on stocks, with the Mumbai market ending the last quarter as the world’s worst performer.
India may have lost as much as US$39 billion because of violations of rules when lucrative mobile phone licenses and radio spectrum were granted in 2008, the state auditor estimated, a sum equivalent to the country’s defense budget.
Raja was forced to resign and later arrested over the auditor’s report. He has been accused in court earlier of taking bribes from two firms that are now part of the India operations of Etisalat and of Telenor.
Those charged include: Shahid Balwa, vice chairman of Etisalat’s Indian arm; Gautam Doshi, a group managing director of Reliance ADA; Reliance senior vice presidents Hari Nair and Surendra Pipara; and Sanjay Chandra, Unitech managing director. All of the accused were ordered to appear in court on April 13.
A statement from Reliance Telecom said the firm and its officials denied all charges.
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