From exploiting loopholes in India’s telecom regulations to allegations of regulator bias and loss of government revenue, the Mukesh Ambani-led company raised a host of issues.
While some of these complaints were launched at the telecom tribunal before the verdict, other claims will be pursued freshly or with renewed vigour.
Whether the Modi government can succeed in assuring the independence of India’s tribunals from the executive remains to be seen.
From mandatory Aadhaar and compromised tribunals to opaque political funding, this year’s Finance Bill has it all.
A draft CAG report alleges the government helped India’s largest telecom company obtain “undue benefits”, which we estimate to be around Rs 14,500 crore, by miscalculating revenues and nepotism in spectrum allocation. Airtel also gained Rs 44,000 crore through questionable corporate restructuring