Tag Archives: telecom 2g scam

SUN TV and Spice Jet Battered in Market

Sun TV Network which was in limelight almost for a week now has been battered heavily and Sun Tv was down by 30 Percent or so and Spice Jet was down more than 10 percent or so because of reports that the Central Bureau of Investigation will question former Telecom Minister Dayanidhi Maran over his alleged role in the 2G spectrum allocation scam.

Scam Details Allegation against Dayanidhi Maran

The allegation against Dayanidhi Maran is that Aircel, previously denied a telecom licence for over two years, was finally given one after its owners changed hands to Malaysia-based Maxis. The charge is that Maran cleared the decks only after a sister company of Maxis invested Rs 675 crore in the Maran family-owned Sun TV, which the BJP calls a conflict of interest. However, Maran has rubbished the charges of corruption and said he did not favour any operator when he was the Telecom Minister between 2004 and 2008.

Kalanidhi Maran and his brother Dayanidhi Maran are grand nephews of DMK chief M Karunanidhi.