CAG should explain its 2G loss figure: Narayanasamy

Keeping up the government's attack on the Comptroller and Auditor General, Union minister V Narayanasamy on Friday said the top auditor owed an explanation on its estimated loss of Rs 1.76 lakh crore in 2G spectrum allocation in the previous auction.

"We have said that the calculation of CAG was wrong. Now it has been proved with the auction. The CAG should explain it," the minister of state in PMO told reporters.

Narayanasamy joined other Congress leaders in questioning the CAGl for the estimated loss, in the wake of the current auction which yielded a mere Rs 9,407 crore, barely one-fourth of the amount that was expected.

Information and Broadcasting Minister Manish Tiwari had on Thursday hit out at the CAG saying, "Mr CAG, where is the Rs 1.76 lakh crore? It is time for some serious introspection. It is time the CAG introspects on his processes and it is high time that the BJP and some of the other opposition parties, which had made this their holy grail and swan song of politics over the last two years, publicly apologise."

Congress general secretary Digvijaya Singh too had suggested that the "CAG should reconsider how far its estimate was right with regard to the report which it had earlier given and the losses it had computed."