2G: CBI director contradicts Sibal; 'wrong to say zero loss'

Central Bureau of Investigation Director A P Singh today contradicted Telecom Minister Kapil Sibal on his claim that the 2G spectrum allocation had caused "zero loss" to the national exchequer as he appeared before Parliament's Public Accounts Committee (PAC).
Singh was quizzed by committee members on various aspects of the 2G spectrum allocation which the CBI is investigating.
"As far as he (Singh) has seen the case, to say 'zero loss' is wrong," PAC chairman Murli Manohar Joshi told a press conference after the meeting.
A member of the committee said the CBI chief was of the view that it would be "wrong to say there was zero sum loss in allocation of 2G spectrum on first-come-first-serve basis".
This assertion of the CBI chief contradicts Sibal who had claimed that the 2G spectrum allocation had caused "zero loss" to the exchequer and rubbished as "utterly erroneous" the CAG's calculation that the presumptive loss was to the tune of Rs 1.76 lakh crore.