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CAG submits report on 2G spectrum allocation

New Delhi, Nov 10 (IANS) The Comptroller and Auditor General of India Wednesday submitted to the government its report on the controversial 2G spectrum allotment that is understood to have caused a loss of over Rs.1.70 lakh crore to the national exchequer.

‘The audit report for the 2G has been sent to the government,’ CAG Vinod Rai told reporters.

Refusing to divulge details of the report, Rai said: ‘It is up to the government to decide when it will table (the report) in parliament. May be within a fortnight or may be longer.’

But sources claiming to know the contents of the report revealed it has indicted Communication and Information Technology Minister Minister A. Raja, who allegedly sold 2G spectrum in 2008 at lower prices than the market rates, which has caused a loss of Rs.1.76 lakh crore to the government.

The sources said Raja has been accused of ignoring the advice of the finance and law ministries, as also the Telecom Regulatory Authority of India while allocating the spectrum.

The telecom department in 2008 followed the policy of first come first served in the allocation of 2G spectrum licences, the cut off date was arbitrarily changed and the licences were awarded to just 120 of the 575 applicants.

The successful companies were allowed to subsequently sell equity and conduct private auctions to ‘garner large sums’.

The opposition Bharatiya Janata Party (BJP) has demanded a joint parliamentary committee (JPC) probe into the 2G spectrum scam and that Raja be asked to step down.

The report is likely to be tabled in parliament during the ongoing month-long winter session that began Tuesday. The process normally takes 10-15 days for the government to bring a CAG report in parliament.

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