Tuesday, September 27, 2011

CBI got Rs 31,000 cr 2G loss from Subbarao; RBI chief may be key witness

...The Central Bureau of Investigation (CBI), which has put the loss from selling 2G spectrum at 2001 prices in 2008 at close to Rs 31,000 crore, did not pull this number out of thin air. It got this number from former Finance Secretary and present Reserve Bank Governor Duvvuri Subbarao. In his six-page submission, which is listed as a ‘relied-upon document’ with the serial number 106, Subbarao has applied a methodology and ...

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