CAG overestimated Rs 1.76 lakh crore 2G loss?
   
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CAG overestimated Rs 1.76 lakh crore 2G loss?

Last Updated: Thursday, September 29, 2011, 08:53
 
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CAG overestimated Rs 1.76 lakh crore 2G loss?
Zeebiz Bureau

New Delhi: The 2G scam related controversies appear set to grow bigger, with reports Wednesday indicating that the Comptroller and Auditor General had overruled its own auditor in calculating the loss caused to the exchequer by the spectrum allocation scam.

CAG documents brought to public domain through an RTI application, and reported by a TV news channel, put a question mark on CAG Vinod Rai's loss estimates.

CAG had pegged the presumptive loss from 2G spectrum sale at a massive Rs 1.76 lakh crore. However, the lead 2G auditor - Director General Audit (Post & Telecommunications) RP Singh - had put the loss from allotment of Unified Access Service (UAS) licences and 2G spectrum at just Rs 2,645 crore.

Following the disclosure, members of the Joint Parliamentary Committee (JPC) looking into the 2G scam today questioned the loss figure put forward by the CAG.

CAG has been asked to explain how it arrived at the Rs 1.76 lakh crore. Further, the JPC is also expected to summon key CAG officials which carried out the 2G audit.




First Published: Wednesday, September 28, 2011, 15:41


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