2G probe: CBI sends another reminder to ‘silent’ TRAI on spectrum loss

CBI sources said today a reminder was sent to TRAI as there was no word from the regulator ever since the investigating agency first made its request in January this

year.

Based on the findings of the CVC,the CBI had estimated in its FIR in 2009 that the government may have lost over Rs 22,000 crore due to irregularities in the allocation of spectrum in January 2008 by former Telecom Minister A Raja,who was arrested in February on charges of favouring some private firms.

Later,the investigating agency had estimated the loss to be around Rs 35,000 crore. The loss was less than the figures arrived at by the Comptroller and Auditor General (CAG) which had pegged notional loss to Rs 1.76 lakh crore.

The agency’s decision to approach TRAI was taken in view of the varying estimates of losses on account of the sale of spectrum in 2008.

The CBI had requested the TRAI to set up an expert team which will go into the entire gamut of spectrum pricing and give an estimated loss which can be proved in the court.

However,it has been six months since the agency has heard from the telecom regulator,prompting the CBI to send a reminder ahead of the next date of hearing in Supreme Court on July 7.

The CBI was unable to assess the price of 2G spectrum allocated to telecom players between 2001 and 2008,when most of the old players like Bharti,Vodafone and Idea were allocated spectrum.

TRAI has forwarded the request of the CBI for assessment of the value of spectrum price to its expert panel for which the report was yet to completed.

Taking a cue from the allocation policy,TRAI had earlier this year recommended a pan-India licence fee of Rs 10,972.45 crore for 6.2 Mhz of start-up spectrum with effect from April 1,2010,against the Rs 1,658 crore that was being paid by operators till now.