CBI places Trai report on 2G value before SC

The CBI on Tuesday placed before the Supreme Court the report of the Trai which said it was not possible to predict with certainty the precise value of 2G spectrum that would have emerged in auction between 2001-08.

The CBI on Tuesday placed before the Supreme Court the report of the Trai which said it was not possible to predict with certainty the precise value of 2G spectrum that would have emerged in auction between 2001-08.

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The report, which was placed before a bench comprising justice GS Singhvi and justice HL Dattu, said it was a “tricky” exercise to estimate the annual value of spectrum for eight. years.

The bench had said on Monday it would like to go through the Trai report after senior advocate Ram Jethmalani had submitted that telecom regulator in its report had given a finding that there was no loss in the allocation of spectrum.

The report said “retrospectively estimating annual value of spectrum in the 1800 MHz band for eight years between 2001 and 2008 is a tricky exercise at the best of times.”

Asked whether CBI’s case becoming weak due to Trai’s report that there was no loss to the government due to spectrum allocation in 2008, Trai chairman JS Sarma said that “the experts have given the range of values but they could not arrive at any definitive figure.”