Begin typing your search above and press return to search.

CAG defends report on 2G

By The Assam Tribune

NEW DELHI, April 8 � Defending its report on the 2G spectrum allocation, the government auditor CAG today said the findings of the CBI, which pegged revenue losses at lower level of about Rs 31,000 crore, are not final.

�Our report is on the basis of computation. The CBI has its own way of doing (things) and it is not final. Our report is final,� Comptroller and Auditor General (CAG) Vinod Rai said when asked about the discrepancy in the two reports.

While the CAG has pegged revenue losses due to faulty allocation of 2G spectrum at Rs 1.76 lakh crore, the CBI has estimated them at Rs 30,984 crore.

Rai further said that its report on the 2G spectrum allocation was the �best speaking document� on the subject. �What we feel is there in our report. Our report is the best speaking document on what I feel about it and I reiterate (that),� the CAG said.

After the CAG submitted its report on the spectrum loss, Telecom Minister Sibal had slammed its projection of Rs 1.76 lakh crore as presumptive loss on account of 2G spectrum allocation, terming its methodology as �utterly erroneous.�

He had said there was �no loss at all� to the exchequer due to allocation of licences and 2G spectrum in 2008. Earlier this month, the CBI had filed its first chargesheet on the case indicting former Telecom Minister A Raja and eight others, including former telecom secretary Siddharth Behura, and three telecom companies. � PTI

Next Story