CBI's 2G probe on basis of loss calculated by CVC, not CAG

Despite the CAG quantifying the presumptive revenue loss to the exchequer at Rs 1.76 lakh crore due to non-auctioning of Spectrum, the CBI will continue to conduct its probe on the basis of the report submitted by the CVC which had pegged the loss at around Rs 22,000 crore.

CBI officials associated with the probe said on the condition of anonymity that the figures put out by the CAG in its report tabled in Parliament were too high and could not be proved in the court of law.

A prosecution in the court of law can never be done on the basis of presumption or notional value, the official said, adding there was a provision available with the CBI which entitles it to carry out its own estimate so that the agency could answer all the queries in the court.

"We are weighing all the options before proceeding towards the finality of the case. The agency has already informed the Supreme Court that the investigations in this matter would be complete by February next year," a senior CBI official said and added that the agency had to list evidences before the court and the same had to be relevant.

The CBI had registered a case last year in October against unknown officials of Department of Telecom (DoT), private persons and companies under section 120-B (criminal conspiracy) and 13(i)(d) of Prevention of Corruption Act (A public servant committing criminal misconduct by indulging in corrupt means).

The CBI alleged in its FIR that there had been serious irregularities in the award of Unified Access Services Licences to private companies.

As per information received, there was criminal conspiracy between certain officials of DoT and private persons and companies and others in order to award licences to these companies by putting a cap on the number of applicants against recommendations of Telecom Regulatory Authority of India (TRAI) and by awarding licences to private companies on first-come-first-serve basis on the rates of 2001 without any competitive bidding.

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