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India's top auditor deposes on 2G, stands by loss figures
Tuesday November 15, 2011 09:07:46 PM,
IANS
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New Delhi: India's top
government auditor Vinod Rai Tuesday stood by his calculated
presumptive loss of Rs.1.76 lakh crore in the 2G spectrum
allocation, a day after his former colleague had dismissed the
figure as a "mathematical guess".
Rai, the Comptroller and Auditor General of India, had a marathon
session of about six hours with members of the Joint Parliamentary
Committee (JPC).
Rai told the panel members that during the various stages of
spectrum allocation audit, the CAG had come across many projected
loss figures and his figure of Rs.1.76 lakh crore was presumptive.
Briefing the media following Rai's deposition, JPC chairman P.C.
Chacko termed the meeting as "cordial, rigorous but inconclusive".
The top auditor will be questioned again Nov 22.
Rai's deposition before the JPC came a day after his former
colleague, R.P. Singh contradicted the controversial 2G audit
report saying the presumptive loss of Rs.1.76 lakh crore in the
radiowave allocation was only a "mathematical guess".
Singh, one of the key auditors in the 2G case, told the
multi-party parliamentary probe panel that the loss suffered in
the sale of scarce radiowave spectrum was only Rs.2,645 crore.
Rai was asked about the differences of opinion within the CAG. But
he denied this, Chacko said.
The top auditor told the JPC he had disagreed with Singh's
findings because "the higher authority can take the decision and
it was a normal procedure".
Rai said he could not have simply accepted what comes to him,
Chacko said.
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Picture of the Day |
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More than 2.5mn people from all
across the world have gathered in Makkah for Haj which starts
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a religious journey to the House of Allah in Makkah. This is
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