The Comptroller and Auditor General (CAG) of India, Vinod Rai, owes an apology to the nation. His position on 2G spectrum allocations has been proved flawed twice – once by the Supreme Court, again
by the results 2G auction process which concluded recently. He misused the public trust vested in his office by choosing to be sensationalist in his 2G ‘presumptive’ loss theory. In his overzealousness to assert himself over the government he might have caused serious damage to the credibility of the institution of CAG. So, an apology is in order.
As for the UPA, it is now using the partial failure of the auctions to retrieve its political fortunes by claiming CAG’s Rs 1,76,000 crore loss figure as being responsible for the mess of the recent
2G spectrum auction. In short, shoot the messenger.
But the reality is different. The 2G scam did happen. Raja and others are on trial for precisely that.
The PM and the FM did want auctions, but they went along with A Raja’s vicarious plans even when they knew where it would lead.
The country did lose revenue – even if it was not precisely Rs 1,76,000 crore. An auction in 2008 would have given the UPA exchequer at least half that money. Instead it went into the pockets of telcos and possibly the people who aided the scam.