In a scathing attack on the government on the 2G spectrum auction issue, the Bharatiya Janata Party said low bidding has vindicated the CAG stand that not going for auctions in 2008 had led to a huge loss.
It said the wrong policies of UPA were to be blamed for low collections.
"This must be the first government of the world which is celebrating its defeat. The auction for 2G which did not yield the desired amount is failure of the UPA government. But instead of accepting its own follies it is blaming the CAG, CVC, the Supreme Court and everybody else," BJP spokesperson Prakash Javadekar said.
Rising to the defence of the CAG, BJP said the attack on him by the UPA ministers is part of the same conspiracy to clip its wings by making it a multi-member body.
"CAG had estimated losses for 2007 in his report. Mishandling of the economy by the UPA government in the last five years has deterred several investors. Our Indian investors are now investing abroad," Javadekar said.
BJP plans to keep this issue alive and will raise it in the forthcoming Parliament session to put the government on the mat.
"It is sad that this government is attacking all institutions and trying to make CAG look responsible for the low bidding. It is doing so because it is neck-deep in corruption," Javadekar said.
Javadekar said Telecom minister Kapil Sibal should clarify why the government did not go for auction in 2008.
"In five years you have destroyed the whole economic momentum. To say that lower bidding shows their first come first serve policy is right is a flawed argument," he said.