2G Spectrum ‘Scam’: What Joint Parliamentary Committee Report Said

The CAG’s “presumptive loss” theory was condemned by the Joint Parliamentary Committee report on 2G allocation.

In a new twist to the 2G spectrum ‘scam’, the 17 accused in the case were acquitted of all charges by a special CBI court in New Delhi on Thursday, 21 December.

“I have absolutely no hesitation in holding that prosecution has miserably failed to prove any charge against any accused,” said CBI Judge OP Saini, acquitting former telecom minister A Raja, Rajya Sabha MP Kanimozhi and 15 other accused.

The scam took centre-stage after the Supreme Court issued notices to the then telecom minister A Raja and the Central Bureau of Investigation (CBI) on 13 September 2010, following a PIL filed by two activist groups and independent journalist Paranjoy Guha Thakurta, which claimed that the exchequer had borne a loss of Rs 70,000 crore due to the 2G spectrum allocation.