The Congress on Tuesday said it would react on the CAG report, which indicted former telecom minister A Raja for ignoring the advice of Prime Minister, Finance and Law ministries to allocate 2G spectrum to new players in 2008, after studying it.
"The CAG report has been tabled. We would react to the report after we have studied it. So far as as the JPC is concerned, the stand of both the Congress party and the government has been made clear," Congress spokesperson Manish Tewari told reporters outside Parliament.
In the report, tabled in both houses of Parliament, the Comptroller and Auditor General noted that the presumptive loss caused to the exchequer through spectrum allocation to 122 licencees and 35 dual technology licences in 2007-08 was Rs 1,76,645 crore. It pegged the figures on the basis of 3G auction held earlier this year in which the government mopped up over Rs 67,000 crore.