CBI yet to arrive at 2G scam loss figure

Written by fe Bureau | New Delhi | Updated: Nov 28 2012, 06:14am hrs
Outgoing director terms case as most eventful of his 2-yr tenure

The Central Bureau of Investigation (CBI) has not arrived at a loss figure in the 2G scam, which the agency has been investigating for three years, its outgoing chief AP Singh said on Tuesday, giving further ammunition to the government that has already trashed the CAG loss figure of R1.76 crore.

Singh, who is demitting office on November 30, termed investigations into the 2G scam as the most eventful case during his two-year-long tenure, during which he also handled other big corruption scams, such as Commonwealth Games, Tatra BEML scam, Adarsh Society scam and the coal block allocation scam.

The figures of 2G scam did not make it the biggest scam for me, but the complications involved and monitoring by the Supreme Court made it most challenging, Singh said. Asked whether the agency has been able to arrive at any loss figures arising out of 2G spectrum scam, Singh said, "No, we have not given any loss figures."

About the figures given in its chargesheet, the CBI director said that they had arrived at the figure of R30,000 crore as 3.5 times of the indexed price of 2001. But we had not termed it as loss. It was a notional figure that this could have been the price," Singh said.

Singh is to hand over reins to Ranjit Sinha, a1974-batch IPS officer from the Bihar cadre.

Coal block allocations: Agency to examine bigger conspiracy

The CBI probe into the coal scam is set to widen as the outgoing CBI director on Tuesday said the agency would soon look into the bigger conspiracy in the allocation of coal blocks to private players and PSUs.

Till now, the CBI has filed nine FIRs in the scam and has registered three preliminary inquiries. The agency is probing the allocation of 195 coal blocks since 1993 to 289 companies including 99 PSUs.