CAG Asks DoT To Cancel Reliance Jio’s Pan India 4G Spectrum Allocation

In a draft report sent to the Department Of Telecommunications, the Comptroller & Auditor General of India has said that “the DoT failed to recognize the tell-tale sign of rigging of the auction right from beginning of the auction”. The CAG alleges that the DoT was unable to explain how a small ISP Infotel Broadband Services Pvt Ltd (IBSPL) emerged the winner of pan-India broadband spectrum by paying an amount 5,000 times of its net worth. RIL had acquired IBSPL within hours of it winning the spectrum and renamed the company Reliance Jio.

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