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Our stand has been vindicated, it was a scam by Vinod Rai: Kapil Sibal post 2G verdict

    2G scam verdict : Kapil Sibal hit out at former CAG Vinod Rai | Oneindia News

    Reacting to 2G verdict, Senior Congress leader Kapil Sibal on Thursday said that their stand has been vindicated. He also said that Vinod Rai's presumptive loss theory has been proven wrong.

    Our stand has been vindicated: Sibal

    Speaking to media, Sibal said,'' I had always maintained that this was no scam. It was a scam by former CAG Vinod Rai. We stand vindicated.... The telecom sector is in dire straits thanks to Vinod Rai and then leaders of opposition in the Lok Sabha and the Rajya Sabha.''

    Sibal had succeeded A Raja as the telecom minister and claimed that the spectrum allocation had caused 'zero loss'. Meanwhile, Veerappa Moily adds that Vinod Rai should now quit "all posts given by the government".

    Responding to query on the Supreme Court judgement of February 2012 which cancelled 122 telecom licences that were allocated spectrum in 2008, Sibal said that the apex court passed the judgement in its attempt to do the best it could do in the interest of the nation, and it was a wrong decision.

    A Raja, Kanimozhi, and 16 other accused will walk free, as the special CBI court on Thursday acquitted all 18 accused in the 2G spectrum scam. Citing lack of evidence, in a one-line order, the special court found all accused not guilty.

    The Supreme Court, after cancelling 122 telecom licences, had ordered allocation of spectrum though auction. The government has held four spectrum auctions till date. However, industry has been seeking reduction in the spectrum prices. In the last auction, DoT had put up 2,354.55 Mhz of spectrum for auction in 2016 across seven bands at a cumulative base price of Rs 5.6 lakh crore. Out of this, bids worth Rs 65,789 crore were received for 964.8 Mhz spectrum.

    OneIndia News (with PTI inputs)

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