CAG

CAG Expresses Desire to Examine Propriety of Expenses of RIL

CAG Expresses Desire to Examine Propriety of Expenses of RIL

The Comptroller & Auditor General of India (CAG) has said that it wishes to assess the propriety of expenses of Reliance India Limited (RIL) on KG-D6 gas block.

CAG has, however, denied planning to do company's performance audit. Previously, it has also suspended the audit of RIL's spending on KG-D6 gas block and extended the scrutiny. It emerged that it is now willing to resume the audit.

CAG team to visit KG-D6 block in first week of January

CAG team to visit KG-D6 block in first week of January

The Comptroller and Auditor General (CAG) will reportedly send a teal of auditors to RIL's KG-D6 field in early January to gather all documents required for financial as well as performance audit of the controversial oil & gas block.

Requesting anonymity, a senior CAG official revealed that CAG auditors would visit the block in the first week of January. The official added that the petroleum ministry had been requested not to approve the company any plan for further capital spending until it agrees to provide all required documents to the national auditor.