In a major setback to Home Minister P Chidambaram, the Supreme Court is set to hear two petitions citing his alleged role in the 2G spectrum scam. The petitions are filed by the Janata Party chief Subramanian Swamy and lawyer-activist Prashant Bhushan. SC will decide fate of Chidambaram’s political career as these petitions seek investigation against him. Thus, Home Minister will be one more addition to the list of tainted ministers currently ruling country.
The first petition filed by Swamy against Chidambaram in the trial court was overruled on February 04, 2012 and Home Minister was granted clean-chit in the case. However, the Janata Party chief challenged the trial court’s verdict and filed fresh petition in the SC. Swamy’s alleges that Chidambaram, then finance minister could have stopped granting of 2G licenses at throw away prices by former telecom minister A Raja and therefore, SC should cross-examine him. Besides this, another petition filed under Centre for Public Interest Litigation by Bhushan, alleges that Chidambaram as Finance Minister overruled his officers who favoured the auction of spectrum.
SC had quashed 122 licenses granted in 2008 Raja who is presently lodged in Tihar jail. The judges who delivered the verdict said all national resources must be distributed only through an auction.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: