07 April, 2010

Centre lost 26,000 crore due to Raja: CAG

The Comptroller and Auditor General (CAG) has accused telecom minister A Raja of causing a loss of over Rs 26,000 crore to the government by disregarding the advice of many experts.Raja, who has survived several calls for his removal over charges of corruption, ‘single-handedly’ decided to continue with the policy that cost the government Rs 26,685 crore in revenue, CAG has said in its annual report.
The CBI, in an FIR filed in November last year, accused certain DoT officials and executives of some private telecom companies of collusion in a bid to get new licences. The agency said the licences were sold without competitive bidding at a nominal rate based on prices fixed in 2001, resulting in a loss of Rs 22,000 crore to the government. In its report, CAG has lent credence to some of CBI’s charges.