Big-ticket corruption scandals a thing of past: Former CAG

April 30, 2015 22:12

Former CAG Vinod Rai today said the big-ticket corruption scandals are a thing of the past and the recent auction of coal blocks and spectrum stand a "test of transparency".

"The big-ticket corruption scandals are a thing of the past and we may not have cases of such occurrences now," the former Comptroller and Auditor General said while delivering the annual Kilachand Memorial Lecture at the Indian Merchants Chamber.

The former CAG had an issue with the 2G spectrum allocation in 2008, where it pegged the notional loss at Rs 1.76 trillion, because it was given under the 'first-come- first-serve' policy.

"I don't think anybody faulted the auction process of 3G (by the previous UPA regime) and I think the same has happened with these two auctions (coal and spectrum). There are some aberrations with regard to court cases, but by and large, 90 per cent, I believe the process does stand the test of transparency," he said.

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