CAG raps govt for bending rules for RIL
CAG has come down hard on the government for allowing Mukesh Ambani’s RIL to overstate cost of developing Krishna Godavari basin-D6 gas fields off the Andhra Pradesh coast.
New Delhi: The CAG has rapped the Oil Ministry and its technical arm DGH charging it with favouring Reliance Industries, but did not say if the Mukesh Ambani firm overbilled the government when it more than doubled KG-D6 gas field cost and caused loss to state exchequer.
The CAG in its draft audit report of KG-D6 block said the ministry and the Directorate General of Hydrocarbons(DGH) allowed Reliance to raise cost of developing the nation`s largest gas fields by 117 percent.
It said rules were also bent to grant "huge benefits" to Reliance when the ministry allowed the company to retain entire block but said gains cannot be quantified.