CAG Should Explain Its 2G Loss Figure: Narayanasamy
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Keeping up the government's attack on the CAG, Union Minister V Narayanasamy today said the top auditor owed an explanation on its estimated loss of Rs 1.76 lakh crore in 2G spectrum allocation in the previous auction.

"We have said that the calculation of CAG was wrong. Now it has been proved with the auction. The CAG should explain (it)," the Minister of State in PMO told reporters at the Chennai airport.

Narayanasamy joined other Congress leaders in questioning the Comptroller and Auditor General for the estimated loss, in the wake of the current auction which yielded a mere Rs 9,407 crore, barely a fourth of the amount that was expected.

I&B Minister Manish Tiwari had yesterday hit out at the CAG saying, "Mr CAG where is the Rs 1.76 lakh crore?? It is time for some serious introspection. It's time the CAG introspects on his processes and it is high time that the BJP and some of the other opposition parties, which had made this their holy grail and swan song of politics over the last two years, should publicly apologise."

Congress general secretary Digvijay Singh too had suggested that the "CAG should reconsider how far its estimate was right with regard to the report which it had earlier given and the losses it had computed."
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Daily Mail

Nov 17, 2012
12:54 PM

>>CAG Should Explain Its 2G Loss Figure: Narayanasamy

CAG has explained it in his report. But you should be literate enough to read it!

RSM, Delhi
Nov 16, 2012
11:35 PM

"The 22 licences which were on auction this time "

There were 176 licenses on auction this time, get your facts right

Shubhang, Delhi
Nov 16, 2012
11:32 PM

He is accountable to no one - his justification for the 1.76 L Cr. figure was the statement that if he felt like it, he could have given a figure of 4L Cr.

Shubhang, Delhi
Nov 16, 2012
07:51 PM

Why hesitancy on Part of going tongs and hammers against Vinod Rai at this Golden moment ???

I heard Sibbal,Chidambram and Manish Tiwari glee writ on their faces due failure of First round of Bidding .And all asking for scalp of Rai .
Well does this means scam has gone phat ? Should the Courts squash cases against Raja,Kanimoi ,and others ???
Try it dear Secus now at this great opportunity

Meanwhile how the Minimum price of bidding was arrived at ? What are the calculations behind this astronomical figures ,rational and logic ??

Mumbai, India
Nov 16, 2012
05:54 PM

 We are watching with lot of humour the trick being played by Govt to prove that 1.76 Lac crore Loss was never there.

The Govt has opened the offence let it proceed and soon it will be loose Force and momenteum .

Then will bn ethe time to rebut and rebut strogly.Till then Govt is free to open its Cards .

Dev Rishi Narad always say :: Naryan ! Narayan !! Narayan !!

Mumbai, India
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