The JPC has summoned Comptroller and Auditor General Vinod Rai on Monday to tell it as to how he quantified the losses in the spectrum allocation to the tune of 1.76 lakh crore rupees.

Congress leader P C Chacko is the chairman of the committee which probing the allocation and pricing of telecom licences and spectrum during 1998 to 2009.

The CAG, in a report to Parliament last year, had pegged presumptive loss to the exchequer on 2G spectrum allocation at 1.76 lakh crore rupees. The findings created a political storm and subsequent events led to the resignation and arrest of the then Telecom Minister A Raja. After the last committee meeting on May 18th, Mr. Chacko said the committee wants to know from the horse’s mouth how he had arrived at the figure.

According to the CBI charge sheet in the 2G spectrum allocation case, the loss to the exchequer is pegged at 30,984 crore rupees.

The JPC has decided to call CBI Director A P Singh to brief on the 2G case at its meeting on June 7, while the Finance Secretary, chief of Enforcement Directorate, and Telecom Regulatory Authority Chairman J S Sarma will make presentations on the issue.
Sarma had begun his presentation on the functioning of TRAI and its role in the telecom sector which was inconclusive and would continue on June 8.