PAC suggested way to calculate losses: RP Singh

November 25, 2012 17:33

Keeping the controversy alive, former CAG official R P Singh today said that the Public Accounts Committee did suggest one of the methodologies to the CAG to calculate the losses due to 2G spectrum allocation which were pegged at Rs 1.76 lakh crore in the final report.

Dismissing reports that he had gone back on his statement, Singh said after he had given his draft report on the 2G scam in 2010, the PAC, under Murli Manohar Joshi, had shown interest in the loss figures and had suggested one of the methodologies that led to calculation of loss of Rs 1.76 lakh crore.

He said evidence to this effect was also in a note prepared by R B Sinha, director general (report central) in the CAG.

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