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Rediff.com  » Business » Zero loss in 2G spectrum? SC questions TRAI report

Zero loss in 2G spectrum? SC questions TRAI report

September 21, 2011 18:42 IST
Telecom regulator TRAI's report purportedly assessing zero loss in 2G spectrum allocation during the tenure of former Telecom Minister A Raja on Wednesday came under sharp criticism of the Supreme Court which questioned the functioning of the autonomous body.

"We are really surprised over the communication. It was created as an autonomous regulator. It is a serious debatable issue what they have done and stated in recent days," a bench of justices G S Singhvi and A K Ganguly said while indirectly referring to the Telecom Regulatory Authority of India report.

CBI also expressed concern over the findings of TRAI and said it has not accepted the report.

"I agree that it is a matter of concern. We have not accepted the report. Anybody (accused in the scam) can take advantage of it," senior advocate K K Venugopal, appearing for the agency submitted.

The bench also said "everything should have been left to the court to decide. We have not made any observation so that nobody is prejudiced." "We will reserve our observation on this but this has surprised us," the bench said.

The bench also expressed surprise over the difference in computation between CBI and CAG on the loss to public exchequer due to irregularities in spectrum allocation during Raja's tenure.

"CBI's estimate on loss is substantially lower than the presumptive loss given by CAG. CBI came out with a concrete figure that has been contested," the bench said.
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