What is 2G scam? [A forward mail]

What is 2G scam ? Facts and figures r here and sense it with ur own
senses ! ..... it is not just a typical scam but rape of country by
its own ruler !

17,60,00,00,00,000 ..... u can not read the figure in few attempts

1,76,000 crore = 1.76 lack crore ~ USD 40 Billion

As per CAG report this is loss to Nation due to 2G scam.

Comptroller and Auditor-General of India has said that *the entire
process lacked transparency and was undertaken in an arbitrary, unfair
and inequitable manner causing a presumptive loss of over Rs.1.76-lakh
crore to the exchequer.*

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How it is a scam ...... an overview ?

1. New company created just few month before the application.

2. Company have no business, infrastructure, experience, even
required minimum paid-up capital to get spectrum license.

3. Company was given license(PIECE OF PAPER) in Rs 1537 cr in
January 2008

4. Company has not spent any money on infrastructure to execute
operation /spectrum.

5. With in couple of months, in Sep 2008, company sold 45% stake to
foreign company in USD 900 million. After deal, name of company was
changed as per new foreign company. This deal value the full spectrum
of company at USD 2 Billion, (but only Rs 1537 cr given to govt/nation
as fees).

6. No execution of infrastructure project, no material/machine
delivery which is beneficial to citizen of nation, ONLY EXCHANGE OF
PAPERS MADE SOME PEOPLE RICH IN THOUSANDS CRORES IN FEW MONTH ...... IS
NOT A TYPICAL SCAM BUT RAPE OF COUNTRY BY ITS OWN RULER , because 40%
of indian are Below Poverty Line, 16000 farmers are doing suicide every
year since last 10 years, because one third people are illiterate,
because, 8 Indian states have more poor than 26 poorest African nations...

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In the above cited mail, upto 10000 crores, the money flow explained, but where does the balance 1,66,000 crores went???

Please share your knowledge, thanks...