What are we going to discuss?

What are we going to discuss?

What is Ethics? Views of great people on ethics Why is ethics so important today? What is the 2G spectrum scam? Who were the People/Companies involved? Which principles of ethics were violated here?

What are Conclusion and group point of view.

What is Ethics???
Ethos Character The principles of conduct governing an individual or group. It is the study of Morality Platos Interpretation: Ethics studies the nature of
good & evil, right or wrong, duty and obligation

Societal Ethics
Standards that govern how members of a society should deal with one another in matters involving issues such as fairness, justice, poverty, and the rights of the individual

Occupational Ethics
Standards that govern how members of a profession, trade or craft should conduct themselves when performing work-related activities

Individual Ethics
Personal standards and values that determine how people view their responsibilities to other people and groups

Organizational Ethics
Guiding practices and beliefs through which a particular company and its managers view their responsibility toward their stakeholders

President Lincoln said: Honour is better than honours.

Leadership is a potent combination of strategy and character. But if you must be without one, be without strategy. U.S. General H. Norman Schwarzkopf

The reputation of a thousand years may be determined by the conduct of one hour. Japanese proverb

Integrity is doing the right thing, even when nobodys watching. -Anonymous

We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. -Aristotle

Why is ethics important???

Taught right from our childhood Ethical Dilemmas as we grow up

WHAT WAS the 2G SPECTRUM SCAM?

2G licenses issued to private telecom players at throwaway prices in 2008 at prices decided in 2001. Spectrum scam has apparently cost the government Rs. 1.76 lakh crore.

POLITICIANS....
Andimuthu Raja:
Responsible for the largest political corruption in modern Indian history, amounting to a record $39 billion loss from underpricing to the Government of India. The alleged modus operandi was telecom bandwidth being grossly undervalued and offered to a chosen few with vested interests, on a dubious 'First-Come-First-Served' basis. It is alleged that it should have been put under a transparent auction system, purportedly advised by higher office.

A.RAJA.
The Comptroller and Auditor General holds Raja personally responsible for the sale of 2G spectrum at 2001 rates in 2008. In August 2010, evidence was submitted by CAG showing that Raja had personally signed and approved amajority of the questionable allocations. In 2011, investigation by retired judge Shivraj Patil found Raja to have been directly responsible for "procedural lapses" regarding the spectrum scandal. Raja claimed he was following policy guidelines that had been put in place by the earlier BJP led NDA government and that he was adhering to the laws of the land. Raja and two former associates were arrested on February 2, 2011. Raja is currently in Tihar Jail.

M.K.Kanimozhi
She is the daughter of the Tamil Nadu Chief Minister Karunanidhi. In November 2010 Outlook published transcripts of six conversations between lobbyist Niira Radia and Kanimozhi from May 2009. India Today claims that these conversations reveal that Kanimozhi filtered the information flowing to her father. She thereby "tipped the scales in favour of" A. Raja, during controversial 2G wireless spectrum allocations in 2008.

LOBBYIST NIIRA RADIA

The Indian Income Tax department tapped Radias phone lines for 300 days. The CBI reports that they are examining Radias 5,851 phone calls and 82,665 pages of documents. The Enforcement Directorate (ED) questioned Radia for more than eight hours on the 24th of November 2010.

Corporate personalities involved

Shahid Balwa - DB Realty and DB Etisalat (formerly Swan Telecom) Anil Ambani - Reliance Group (ADAG) Prashant Ruia - Essar Group

Corporations involved
Unitech Group a real estate company entering the telecom industry with its 2G bid; sold 60% of its company stake at huge profit to Telenor after buying licensing. Swan Telecom sold 45% of its company stake at huge profit to Emirates Telecommunications Corporation (Etisalat) after buying licensing. Loop Mobile Videocon Telecommunications Limited S Tel Reliance Communications Sistema Shyam Mobile (MTS) Sistema Mobile Russia Tata Communications Vodafone Essar Dishnet Wireless Allianz Infra

Main Beneficiaries in 2G Spectrum Scam.

Swan Telecom Unitech Group Loop Mobile Reliance communications Videocon Communication

Group Members
    Prashant Bankar A007 Hitesh Bhatia A011 Vipul Jain A027 Anuj Kant A029