Exact math used by the government’s auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India (CAG) may have taken a cue from the Public Accounts Committee (PAC) while calculating losses arising from the improper allocation of second-generation spectrum to telecom companies in 2008 (or the so-called 2G scam), according to documents reviewed by Mint. This is not to suggest that the...
More »SEARCH RESULT
Total Matching Records found : 42
2G scam: Rs 1.76 lakh crore loss is a mathematical guess, says lead auditor
-PTI The lead auditor of the 2G telecom audit today stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors. Appearing before the Joint Parliamentary Committee (JPC) going into the 2G issue, RP Singh, the then Director General, Audit (Post and Telecommunication), said quantification of loss was not part of...
More »Congress quizzes CAG on 2G loss
-The Times of India Congress members on the Joint Parliamentary Committee on telecom policy on Monday aggressively questioned the government's chief auditor Vinod Rai over his estimate that revenues losses in the 2G scam could be as high as Rs 1.76 lakh crore. In what came across as a strategy to knock down the 2G scam losses from the staggering figure computed by the Comptroller and Auditor General, Congress MPs wanted to...
More »History of deception by AG Noorani
The 1985 Lokpal Bill destroyed the raison d'etre of the institution of an ombudsman, but all successive governments copied it. PUBLIC anger was understandably aroused over the gross delay by Parliament in the last 40 years to enact a Lokpal Bill and with the toothless one that the government sponsored. It is not widely known that the delay was aggravated by deception and fraud in 1985. It was, however, emulated by...
More »PAC divided on 2G report by Neena Vyas
UPA wants JPC to do the job BJP feels it has a better chance of indicting the government Congress men realise that a JPC report will be more to their advantage After a three-hour-long discussion here on Thursday, the Public Accounts Committee remained a divided house on the question whether it should finalise its findings in a report on the 2G spectrum allocation or leave the entire issue to the Joint Parliamentary Committee...
More »
