CAG has provided the basic premises on which the projected loss has been calculated-
on the day the Licenses were issued.
based on the subsequent prices 2G licenses brought in to the government
the known price the allotted sold to third parties and
the current market price.
Based on these assumptions,CAG estimated the likely amount the government has lost-minimum 30,000 crores ,maximum 1,76.000 Crores.
This seems to be a fair assumption and the logical/mathematical calculations are correct.
It has not questioned the government policy anywhere.
On CAG’s pointer, IT/CBI h`as conducted raids and information reveals disproportionate assets,front companies in India/abroad.
It is also known that the PM’s letter, Finance/Law Ministries, notes were ignored.
The operation of 2G was kept out of GOM.
Last date of tenders were changed without proper notification to all the bidders.
Sibal is arguing for a client,not functioning as a responsible minister.
Prior to Sibal’s statement,a top functionary of the Congess met DMK Chief Karunanidhi.
Sibal’s present statement is exactly the same issued by Karunanidhi on this subject
Why not repeat Karunanidhi’s another gem ‘A scam of this magnitude could not have been done by a Single individual’?
Why was Maran being lobbied against and Raja promoted by Industrial houses,especially by Ratan Tata?
Why is it Karunanidhi’s consort and daughter through her negotiated with Radia for Raja?
What about Voltas , Chennai land deal and Karunanidhi’s consort?
Why did Tata donate a scanner to a hospital in Perambalur (Raja’s constituency) on the advice of Radia,who in turn was advised by Tata’s aide?
Kapil Sibal knows all these.
Well,he can not help himself speaking thus, for the place where he is, makes him speak thus.
Reminds one of Haldemann of Nixon and Watergate .
Story.
He said there was “no loss at all” to the exchequer due to allocation of licences and 2G spectrum in 2008.
The period pertains to his predecessor A Raja who was forced to quit on the issue of alleged scam in spectrum allocation over which the Comptroller and Auditor General had come out with a report including the whopping presumptive loss figure.
