Former Indian telecom Minister A. Raja and two of his aides were arrested by the Central Bureau of Investigation for a telecom scam that is said to have cost the Indian government about $39 billion, according to The Hindu.Raja and associates are accused of selling 2G allocation licenses to certain mobile companies at a significantly lower price.
This scandal rocked India because some of the country’s most powerful corporate lobbyists, journalists, industrialists and politicians were linked to it. Conversations between the people involved were taped by the Directorate of Income Tax and Open magazine released the transcripts soon after Raja’s resignation.
The leader of Tamil Nadu’s opposition party, J. Jayalalita said Raja’s arrest was a political decision in the wake of upcoming assembly elections, according to The Hindu.
For now the Supreme Court has asked the CBI to submit status reports based on their investigations by February 10 when the case will come up for hearing.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.