Comptroller and Auditor-General of India Vinod Rai on Monday appeared before the Public Accounts Committee (PAC) to give his views on the 2G spectrum allocation scam.
Appearing before the 22-member committee, led by Murli Manohar Joshi, for about five hours, Mr. Rai is understood to have given details of how the CAG reached the figure of “presumptive loss” incurred by the exchequer due to irregularities in grant of licences and 2G spectrum to companies in 2008.
He reportedly explained how the four different “presumptive loss” figures were reached that put the potential loss at between Rs. 57,666 crore and Rs. 1.76-lakh crore.
The CAG report was tabled in Parliament on November 16, 2010 and subsequently handed over to the PAC, which comprises MPs from almost all parties.