2G spectrum scam: CAG appears before JPC

Govt auditor was asked to explain the Rs 1.76 lakh crore figure

PTI | May 30, 2011



Comptroller and Auditor General Vinod Rai today appeared before the Joint Parliamentary Committee (JPC) examining the 2G spectrum scam to explain how the government auditor quantified the losses in the spectrum allocation at Rs 1.76 lakh crore.

Rai was asked to brief the Committee, chaired by Congress leader P C Chacko, on the allocation and pricing of telecom licences and spectrum during 1998 to 2009.

The CAG, in a report to Parliament last year, had pegged the presumptive loss to the exchequer on 2G spectrum allocation at Rs 1.76 lakh crore.

The findings triggered a political storm and subsequent events led to the resignation of the then Telecom Minister A Raja.

"Today the talk is of a Rs 1.76 lakh crore scam. We want to know from the horse's mouth how he had arrived at the figure," Chacko said after the last meeting of the committee on May 18.

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