Indian 2G Spectrum Scam: Crony Capitalism on Display?
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
India found itself in the center of such protests in 2010-2011 over the scam in 2G spectrum allocation to telecom companies. By magnitude of loss to exchequer – over US$ 40 billion – this scam was reported to be the biggest in democratic India. The scam blurred the ethical lines between corporate houses, corporate lobbyists, journalists, bureaucrats, and politicians. In a nutshell, it showed up one of the worst sides of contemporary capitalism. The 2G scam went a long way to show how the Indian economy, one of the fastest growing in the world, is dominated by a small set of tightly connected power players. Industry observers felt that if not checked soon, the deep-rooted problem of crony capitalism in the country could adversely affect India’s growth and development. They wondered how the accountability could be fixed and the unholy nexus broken.
» Analyze and understand the 2G scam that broke out in one of the fastest growing economies of the world
Corruption, Bribery, Crony capitalism, Corporate accountability, Mechanisms of corporate accountability, Corporate lobbying, Corporate wars, Ethics, 2G Spectrum Scam, Radia Tapes, India, Telecom, Tata, Bharti Airtel, Reliance, IDEA, S-Tel, Uninor, Loop
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