Subbarao had resisted Raja’s cheap 2G sale

In a damning disclosure in the 2G spectrum scam, former Finance Secretary and present RBI Governor D Subbarao has told the CBI he had persistently objected to the throwaway pricing of spectrum by former Telecom Minister A Raja. Subbarao has also revealed that the Department of Telecom under Raja deferred the crucial meeting of the full Telecom Commission on spectrum pricing and went ahead with the controversial allotment of 122 licences during the intervening period.

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