Real estate biggies and telecom scandal

It has been bothering me for quite a while that quite a few recipients of the telecom licences are real estate walas. I am not sure how many but at least the two who have sold the stakes in their telecom companies are real estate companies – Swan and Unitech. If anyone knows how many licences are real estate companies, kindly let me know. Oncce we have the numbers, then the scam will become more clear.

My thinking is as follows. Why the sudden interest of real estate companies in telecom? In which industry, more unaccounted money is involved? Whenever some government official is raided for uncover disproportionate assets, where do we find major portion of the unaccounted money invested? Is there a logical link between telecom and real estate? I think its worth investigating.

avinash narula

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