No CAG report on coal scam: PM

PM Manmohan Singh today said the Comptroller and Auditor General (CAG) has clarified there is no report and maintained there was no need for him to clarify in Parliament.

Updated: Mar 22, 2012, 21:53 PM IST

New Delhi: With media reports of audit
raking up a coal scam, Prime Minister Manmohan Singh Thursday said the Comptroller and Auditor General (CAG) has clarified there is no report and maintained there was no need for him to clarify in Parliament.

"The CAG has clarified there is no no report. When
there is no no report what is there to clarify," he told
reporters at Rashtrapati Bhavan.

He was asked questions on the media report on the basis
of an initial auditor report which had estimated a loss of
over Rs. 10 lakh crore on account of allocation coal blocks to
100 public and private sector companies without auction during
2004-09.

Singh said the CAG has written a letter and the PMO has
released a part of the letter.

On the roll back of the hike in passenger fares in the
Railway Budget, he said the new ministers has promised that it
will not not have any effect on the budgetary estimates.

He has also promised to make up for the loss through
advertisements and disposal of commercial utilisation of land.

PTI