Tag Archives: Corruption

CAG submits report on 2G spectrum to govt: Vinod Rai

The Comptroller and Auditor General of India has submitted  the report on the 2G spectrum allotment that has caused a loss of over Rs 1.76 lakh crore to the exchequer.

“Yes, we have submitted the final report to the government. I cannot disclose the findings of the report. It is up to the government when it will be tabled in the Parliament… may be within a fortnight or it may take long,” Vinod Rai told.

The CAG has accused the Telecom Ministry for undervaluing 2G spectrum, sold to new players in 2008, and held that the allotment price was not realistic, which has caused a revenue loss of Rs 1,76,700 crore to the government.  The report is understood to have named Telecom Minister A Raja for taking arbitrary decision while allotting 2G spectrum, bundled with licences in January 2008.

A copy of the report has been sent to the finance ministry and to the President. The process usually takes 10-15 days to finalise and then it would be tabled in the Parliament. The month long winter session of the Parliament began on November 9.

Nine firms were issued licences, bundled with start up of 2G spectrum, in January 2008 at Rs 1,658 cro

via CAG submits report on 2G spectrum to govt: Vinod Rai