Comptroller and Auditor-General of India Vinod Rai appeared before the Public Accounts Committee (PAC) on 27 December 2010 and presented CAG’s views on the 2G spectrum allocation scam. Rai who appeared before 22-member committee, led by Murli Manohar Joshi presented details on how the CAG reached the figure of presumptive loss incurred by the exchequer due to irregularities in grant of licences and 2G spectrum to companies in 2008. He explained how the four different presumptive loss figures were reached that put the potential loss at between Rs. 57,666 crore and Rs. 1.76-lakh crore.
The CAG report was tabled in Parliament on 16 November 2010 and eventually handed over to the PAC, which comprises MPs from almost all parties.
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