Massive propaganda against UPA has no foundation: Manmohan Singh on 2G verdict

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"The judgement speaks for itself", Dr Singh told media persons in Parliament premises here soon after the court pronounced the judgement acquitting all accused, saying the prosecution had failed to prove any of its charge.

A Raja, M Kanimozhi & 15 others were acquitted today of charges in what was described as India's biggest telecom scandal, the 2G scam. The party sought to put up a courageous front and play down the significance of the trial court ruling, arguing that the UPA's policy was flawed and corrupt as was clear from the Supreme Court's 2012 ruling, cancelling 122 licences issued during Raja's tenure as telecom minister.

Former Union minister Anand Sharma said at least three companies owned by foreign governments had threatened to take India to the global court and the WTO as cancellation of 2G licences amounted to violation of bilateral investment protection treaties.

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Reacting to the verdict, former Union Finance Minister and Congress leader, P. Chidambaram said: "Allegations of scam against the highest level of government (Congress government) was never true and correct".

Singh, whose credibility had come under doubt over the scams unearthed during the UPA II rule, said there was a "vicious campaign and propaganda" that was launched against his government back then.

The verdict brought smiles on the faces of the acquitted accused who were present inside the special court.

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There is no question that the controversy over the 2G scam - and the various others that followed, including the CWG (Commonwealth Games) scam and coal scam that followed - gave a huge boost to the BJP, forced the sacking of its ministers, landed them in jail, paralysed the Congress-led UPA government, wiped out public trust in it and built up a surge of public resentment that fuelled an anti-corruption movement and culminated in the ascendancy of BJP under Narendra Modi to power. I am sure investigating agencies will have a close look at it and decide... "Each and every case of spectrum allocation was quashed by the Supreme Court as unfair and arbitrary", he said.

A report submitted by the Comptroller and Auditor General of India (CAG), said that 2G licences had been issued to telecom operators at throwaway prices, causing a loss of Rs 1.76 lakh crore to the exchequer.

Moments after the court's verdict, former telecom minister Kapil Sibal slammed ex-CAG Vinod Rai for presenting a figure of Rs 1.76 lakh crore loss due to the alleged scam."Aaj meri baat siddh ho gayi, koi corruption nahi, koi loss nahi". In a press meet in Chennai, he said the case was foisted on the DMK leaders with the aim of destroying the party.

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