Sunday July 21, 2019
Home Politics Raja conspire...

Raja conspired with others to favour ineligible telecom firms: ED

0
//

telecom

New Delhi: The Enforcement Directorate (ED) on Monday told a special court hearing a money laundering case related to allocation of 2G spectrum that former telecom minister A. Raja had conspired with other accused to grant telecom licences to ineligible firms.

For this, Rs.200 crore was paid by promoters of Swan Telecom Pvt. Ltd., using their group entity Dynamix Realty, to Kalaignar TV, through Kusegaon Realty Pvt. Ltd. and Cineyug Media and Entertainment Pvt. Ltd. (Cineyug Films), ED’s Special Public Prosecutor Anand Grover told Special Judge O.P. Saini during final arguments in the case.

This amount was given in the garb of legitimate financial transaction, that is as loan/share application money, he added.

Grover further said that the payment was in reality illegal gratification for and on behalf of Raja and his associates in lieu of illegal favours extended to the STPL for the grant of Unified Access Services (UAS) licence.

The ED further said that its investigation has revealed that the return of Rs.200 crore has been shown along with an additional sum of money in order to show this illegal payment as legal and bona fide financial transactions.

The amount was returned on the date Raja was summoned for questioning by the Central Bureau of Investigation.

After hearing the prosecution for a while, the court posted the matter for July 27 for further arguments.

Along with Raja, DMK chief M. Karunanidhi’s wife Dayalu Ammal and others are facing trial in the money laundering case relating to the allocation of 2G spectrum.

The accused have been booked under various sections of Prevention of Money Laundering Act (PMLA).

-IANS

Next Story

Sales of Smart Feature Phones Expected To Be About $28 Billion Over Next Three Years

"The global smart feature phone demand grew 252 per cent year-on-year in 2018 - albeit from a low base, contributing roughly 16 per cent of the total feature phone volumes," said Tarun Pathak, Associate Director at Counterpoint Research.

0
phones
India made the biggest contribution to the demand for smart feature phones in 2018. Pixabay

The revenue opportunity from increased sales of smart feature phones is expected to be about $28 billion over the next three years, according to a new report from Counterpoint Research.

“This will be enabled by a potential of more than 300 million smart feature phone users globally by the end of 2021. Software and services alone will contribute to 71 per cent of this near- to mid-term revenue opportunity, or around $20 billion,” Neil Shah, Research Director at Counterpoint Research, said in a statement on Monday.

India made the biggest contribution to the demand for smart feature phones in 2018.

phones
“The global smart feature phone demand grew 252 per cent year-on-year in 2018 – albeit from a low base, contributing roughly 16 per cent of the total feature phone volumes,” said Tarun Pathak, Associate Director at Counterpoint Research. Pixabay

A smart feature phone is a device with a traditional feature phone form-factor and design but with a chipset and an operating system which can support sophisticated smartphone-like features such as high-speed Internet access along with an application and services ecosystem.

“The global smart feature phone demand grew 252 per cent year-on-year in 2018 – albeit from a low base, contributing roughly 16 per cent of the total feature phone volumes,” said Tarun Pathak, Associate Director at Counterpoint Research.

“While India is the biggest contributor to this demand, major markets that have driven smart feature phone sales include the US, UK, South East Asia and Africa. We estimate that smart feature phones will cross more than half of global feature phone volumes by 2021,” Pathak added.

social media
A smart feature phone is a device with a traditional feature phone form-factor and design but with a chipset and an operating system which can support sophisticated smartphone-like features such as high-speed Internet access along with an application and services ecosystem. Pixabay

One of the key companies that has been driving this growth of smart feature phones is KaiOS. KaiOS is a software platform powering this new segment of phones and helping the digital inclusion of feature phone users with native support for 3G/4G networks as well as a curated app and services ecosystem.

Also Read:YouTube Projects The Earth To Be Flat

Reliance Jio has been fastest to see the opportunity and adopt the platform to acquire tens of millions of 2G feature phone users to its 4G network with its KaiOS-powered 4G smart feature phone.

The company’s Jio Phone is the world’s leading VoLTE-supported KaiOS-based smart feature phone, the research showed. (IANS)