New Delhi: The Comptroller and Auditor General of India on Wednesday said it has submitted to the government the report on the 2G spectrum. The 2G spectrum case was an alleged scam by the politicians and government officials under .. November 10th: The CAG submits a report on 2G spectrum to the government, stating a loss of ₹, crore (US$24 billion) to the exchequer. The Comptroller and Auditor General (CAG) in its report on the 2G spectrum scam has indicted telecom minister A Raja in the scandal and said.
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Did the 2G scam even happen? Were the findings of the Comptroller and Auditor General CAG accusing the former UPA-government causing notional loss to the state exchequer, at best, a work of fiction? Did the Narendra Modi government, with all its political might and sleuths ln its disposal, fail to make a strong case against the corrupt politicians and bureaucrats involved in the alleged scam?
Hence, by doing so the SC agreed with the CAG as far as the loss is concerned, although it differed with the quantum of notional loss. This was followed by a fresh auction process which brought revenue to the exchequer.
A Raja and others in the criminal aspect of the case ie taking bribes, transfer of monies.
Here, the investigation agencies have been unable to prove the money trail. Thus the accused were allowed to go scot-free today. In all likelihood, the Modi-government and investigators will challenge the CBI court verdict in the higher courts.
As is well known throughout the case trials, the prosecution relied heavily and primarily on the CAG findings. The major findings of the CAG report included Raja ignoring advice from all top constitutional offices, the government adopting wrong methodology for calculation of loss, lack of transparent process throughout, corporate collusion with politicians and resultant a notional loss of Rs 1.
All the subsequent investigations were fundamentally built on these CAG findings.
2G spectrum scam: Some highlights of CAG report
As mentioned above, the CAG findings as far as the loss to the exchequer is concerned stands correct. This is the reason why the BJP leaders leapt forward to contradict the Congress claim that the CBI court verdict vindicates the UPA government shortly after they claimed a moral victory. The bottom line is this: It has only acquitted the accused of bribery charges.
The CAG will do well to the clear the air in the backdrop of the CBI verdict, particularly because the whole case is built on its findings. CAG files draft report on deal, seeks reply from Centre; document unlikely to be tabled in Winter Session of Parliament.
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2G spectrum scam judgment: CBI court verdict doesn’t vindicate UPA, CAG must clear the air
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