JOIN USSpeaking at a seminar on “Corruption is a challenge to Indian democracy” organised by All India Lawyers Union, Yechury said setting up a Joint Parliamentary Committee (JPC) to probe the 2G spectrum scam would provide the right platform to plug loopholes in the system.
He said only a JPC could look into the details on how the system was manipulated, leading to losses to the tune of Rs 1.76 lakh crore to the exchequer. “The CBI can investigate into the scam, the CAG can go into the accounts, but only a JPC will help to ensure that a legislative framework is in place that plugs the loopholes in the present system,” Yechury said.
The CPM leader said the institutionalisation of corruption in the country was an direct off shoot of the liberalisation regime and termed the 2G spectrum scandal an example of “crony capitalism”.
He pointed out that the money involved in the spectrum scam could have been utilised for implementing the Right to Education Act.