Congress taking 2G verdict as a badge of honour, zero loss theory already proven wrong: Arun Jaitley

Finance Minister Arun Jaitley on Thursday said the Congress is treating 2G verdict as a "badge of honour", but there is a need to recollect and check the facts that led to an investigation in the case. 

The party's "zero loss theory" was proved to be wrong when the apex court squashed spectrum allocation in 2012, the minister said after a special court on Thursday acquitted all accused in the 2G spectrum scam allocation case.

Though the trial court verdict says nobody was guilty of corruption, investigating agencies will study the case history and look into it, the minister asserted.

"The Congress is treating 2G verdict as a badge of honour, but its zero loss theory was proven wrong when the Supreme Court quashed spectrum allocation in February 2012," Jaitley told reporters.

The fact that the policy caused loss is clear form the fact that the subsequent auctions got a much higher price: Arun Jaitley #2GScamVerdict pic.twitter.com/ztKVQM9ZCg

— ANI (@ANI) December 21, 2017

"The fact that policy has caused loss was proven by subsequent auction. The policy was arbitrary to promote corruption which caused loss to the exchequer. Auctioning gave higher prices, look at the amount collected in auctions. The special court has said nobody is liable for this loss. The chargesheet was filed under the direction of the apex court, Jaitley added further. 

Former telecom minister A Raja and DMK leader Kanimozhi were on Thursday acquitted by a special court in the 2G spectrum scam case. All other accused and three companies were also acquitted in the case.

(With PTI inputs)