![]() ![]() ![]() Tata is among India’s most powerful and respected businessmen and Ambani is the world’s fourth richest man, according to Forbes magazine. ![]() Her influence across corporate India is well known and stems largely from the fact that her firm represents tycoons Ratan Tata and Mukesh Ambani and their respective companies. It comes along with the publication of several hours of conversations between Radia and Raja, leading industrialists, politicians and journalists, where they speak of swinging deals, granting favours and ministers taking bribes. The telecoms scandal is the biggest of a series of corruption cases that have battered Singh and his Congress party, straining relations with coalition allies and giving the main opposition Bharatiya Janata Party (BJP) a shot in the arm. Raja resigned after a state audit report said several rules were flouted when the licences were sold on his watch. The coalition government is not at risk of collapsing but the widening case, which saw Prime Minister Manmohan Singh forced to explain to the top court why he did not act earlier, is a major setback, with analysts and politicians expecting more difficult times ahead and few reform bills passed. The CBI is looking at whether bribes were paid during the licensing process and is investigating Radia, who secret tapes suggested lobbied on behalf of her clients for Andimuthu Raja to stay on as telecoms minister after 2009 federal polls. The scandal has already brought down a telecoms minister and kept parliament deadlocked over demands by the opposition for a full inquiry into what could be the country’s biggest graft case.ĬBI searched the premises of lobbyist Nira Radia on Wednesday, spokesman R.K. The government has struggled to contain the fallout from the sale of lucrative mobile phone licences at below-market prices in 2007-08. Activists of Communist Party of India Marxist CPI (M) hold a cartoon placard portraying Prime Minister Manmohan Singh during a protest against the telecom corruption scandal in New Delhi December 10, 2010. ![]()
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