CAG overestimated Rs 1.76 lakh crore 2G loss?

Last Updated: Thursday, September 29, 2011, 08:53

Tags: 2G scam, CAG report, 2G spectrum auction, 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

Comments

till judiciary is corrupt nothing can be happen of india first of all we have to bring a law to file a case at least against the judiciary from high court and s c so that no body can purchase them if at all this happen a strict action can be taken against the judge, so no judge afford to sale the judgment there after all these ministers and all politician will be change automatically-S K Rungta -Jaipur

lot of doubts were raised about the hypotheticated loss of rs176 lac crores when cag report on 2g spectrum distribution,stated to be carried out on nda regime guidelines,appeared in the press eor the first timebut no serious efforts were made immediately to check this inflated figure of losses projected by the cag officials as a result lot of valuable time of the various concerned ministres was wasted including harrassment to the officials connected with 2g spectrum distribution jpc at last has taken astep in the right direction to summon the key officials connected with 2g spectrum distribution audit to bring out the correct position of this controvertial issue as early as possible public is eagerly awaiting the factual position of this 2g specttum issue-Sulakshana Sharma -Gurgaon

vinod rai and rekha guptas mal-intention should be thoroughly investigated if this news article is true, what they have done is worse than corruption and anti national they tried to destabilise nation in name of cag, like the wolf in the disguise of lamb the moot question is ‘to satisfy whom they played this foul game?’ -kadiravan -mumbai

First Prev 1 2 3 4 5 Next Last

Post your Comments

Name
Place :
Email :
Comments :