Finally, CAG Vinod Rai appears before JPC

November 15, 2011 13:15

Comptroller and Auditor General (CAG) Vinod Rai today appeared before the Joint Parliamentary Committee, a day after his former colleague sought to dismiss the presumptive loss of Rs 1.76 lakh crore due to 2G spectrum
allocation as a "mathematical guess".

Rai, who appeared before the JPC along with Deputy CAG Rekha Gupta, had written to Committee Chairman P C Chacko requesting the presence of R P Singh, former Director General, Audit (Post and Telecommunications) during his deposition.

Singh had told the JPC yesterday that his calculation in a draft audit report was based on inflation rate of seven years as the entry fee decided in 2001 was not revised in 2008. He had told the JPC that the "actual loss" due to spectrum allocation was Rs 2,645 crore as against the Rs 1.76 lakh crore in the final report.

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