CAG submits report on 2G spectrum

November 10th, 2010 - 9:35 pm ICT by IANS  

Bharatiya Janata Party New Delhi, Nov 10 (IANS) The Comptroller and Auditor General (CAG) of India Wednesday said it had submitted its report on the second generation (2G) spectrum pricing issue to the government.

“The audit report for the 2G has been sent to the government,” the CAG said in a statement.

Communication and Information Technology Minister A. 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. He has been accused of allotting the 2G spectrum at “throwaway prices”, thus causing a loss of Rs.70,000 crore to the national exchequer.

The telecom department had followed the policy of first come first serves in the allocation of 2G spectrum licences and 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.

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