Monday, February 7, 2011

CAG scan of the 2G spectrum scam

The focus of the media and the opposition parties on the 2G-spectrum scam of 2008 has largely been on the Rs 1.76 lakh crore loss caused to the public exchequer alleged by the Comptroller and Auditor General (CAG). The CAG has said the loss has been on account of the highly questionable procedures followed by the department of telecom (DoT) under its former minister A Raja.
"We have only tried to quantify the loss on the basis of whatever records we had," deputy CAG Rekha Gupta said.
While the issue is being talked about for more than a month, two most important components behind the real scam appear to be going unnoticed.
First is how the department of telecom made arbitrary changes in the cut-off date for receiving applications for issuing the spectrum allocation licences in 2007.
The second major objection is how 85 of the 122 licences were issued to companies that did not meet the eligibility conditions.

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