Monday, December 27, 2010

Comptroller and Auditor General of India appears before Public Accounts Committee in 2G SCAM

Comptroller and Auditor General of India (CAG) Vinod Rai, whose report nailed former telecom minister A. Raja, appeared before Parliament's Public Accounts Committee (PAC) .Rai deposed before the PAC headed by senior BJP MP Murli Manohar Joshi. A decision to ask the CAG to appear before the parliamentary committee was taken during its meeting earlier this month.The CAG has quantified revenue loss to the exchequer due to the 2G spectrum allocation scam at Rs 1.76 lakh crore. Rai's deposition could mean more trouble for the disgraced Raja who is also involved in 2 G scam.The PAC is continuing with its examination of the controversial 2G spectrum allocation despite the Opposition's persistent demand for a Joint Parliamentary Committee (JPC)-led probe.

The PAC has already invited views and suggestions on the 2G spectrum allocation. It has so far obtained information from the department of telecommunication, finance ministry, Telecom Regulatory Authority of India (TRAI) and the experts in telecom sector.The CAG, on his part, has to explain how the auditing watchdog pegged 2G revenue loss at Rs 1.76 lakh crore while giving accounts of alleged favouritism in allocation of 2G licenses. Sources claim that the CAG might also reveal how Raja ignored advice of the law ministry and Prime Minister Manmohan Singh in spectrum allocation.The CAG is to table evidence of 'ineligible' companies benefiting from arbitrary policy changes to favour a selected few. The PAC might decide on deposition of the prime minister depending on Rai's reply.

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