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In a new twist to the 2G spectrum ‘scam’, the 17 accused in the case were acquitted of all charges by a special CBI court in New Delhi on Thursday, 21 December.
“I have absolutely no hesitation in holding that prosecution has miserably failed to prove any charge against any accused,” said CBI Judge OP Saini, acquitting former telecom minister A Raja, Rajya Sabha MP Kanimozhi and 15 other accused.
The other two petitioners were the then general secretary of the Centre for Public Interest Litigation, Prashant Bhushan, and the former secretary of NGO ‘Telecom Watchdog’, Anil Kumar.
The CAG’s “presumptive loss” theory was condemned by the Joint Parliamentary Committee (JPC) (headed by PC Chacko) report on allocation and pricing of telecom licences, and the 2G spectrum.
The JPC report said that the calculations of the CAG report which helped it reach loss figures between Rs 57,666 crore and Rs 1.76-lakh crore were “untenable” and “unrealistic”.
As cited in this 2013 article by The Hindu, the JPC report quashed the basis of CAG’s “loss theory” saying that the DoT believed that allotting extra equity for attracting FDI was fair practice among corporates. Further, the CBI wasn’t able to establish in its probe that the FDI policy applicable in the telecom sector had been breached.
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