In a major decision that brought spilling implication on the corporate sector, the Supreme Court cancelled 122 2G spectrum licences granted by former telecom minister A Raja on the ground that they were issued in a "totally arbitrary and unconstitutional" manner. The licences were given by Raja for over Rs 9,000 crore, while 3G auctions for a smaller number of licences had fetched the government a sum of Rs 69,000 crores.
The apex court left it to the trial court to decide on the demand for investigation of the alleged role of Chidambaram into the 2G spectrum allocation scam but refused to give direction to CBI on the issue. The main accused in the spectrum scam A Raja, was granted bail by a special CBI court after spending nearly 15 months in the Jail. Raja is the last of the 12 accused to get bail.