Close

LOGIN

Remember me
Not a member?
or
Connect using:
Why BS?

We encourage visitors to register on Business Standard. Registering on the site is absolutely Free and offers you the following benefits.

Free Daily E-newsletter

Breaking News Alerts in your Inbox

Post Comments and Share your Feedback

Your Personal Business Standard Page

Free Portfolio of Stocks, Equity and Commodities Derivatives

Access Premium Services

Receive Selective Offers from our Third Party Premium Advertisers

Get Invited to Business Standard Events

Close

FORGOT PASSWORD?

Not a member?

PAC did suggest a methodology to calculate losses: RP Singh

Singh, who headed the CAG team that audited the 2G spectrum allocation, maintained that he had never put the figure of Rs 1.76 lakh crore in his draft report

Related News

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.

Singh said the contacts between the CAG and the PAC officials were on even well before the CAG submitted its report on the 2G scam to Parliament in November 2010.

Asked whether he would name Joshi in this context, he said he would not because he personally did not have any documentary evidence.

Earlier, Singh had said that his superiors gave him "written order" following which he signed on the final report on the 2G spectrum allocation which gave a presumptive loss figure of Rs 1.76 lakh crore.

Singh, who headed the CAG team that audited the 2G spectrum allocation, maintained that he had never put the figure of Rs 1.76 lakh crore in his draft report.

"They (senior CAG officials) told me that this is the final report and asked me through a written order to sign on it. So I followed the instruction and I signed the report," Singh said.

Read More

No information dissemination before annual policy in May: Subbarao

Reserve Bank of India today said it there is no need to explain the monetary policy and it stands by monetary policy statement.

Back to Top

Quick Links

Back to Top