This article was last updated on April 16, 2022
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The Comptroller and the Auditor General of India (CAG) has declared the report on coal black presented by the auditors in the parliament as ‘increasingly misleading’ and said that the government did not have to bear any losses.
The initial audit report mentioned that the exchequer had to bear a loss totally Rs. 10.67 crore on account of allotment of coal block from 2004 to 2009. CAG was shocked to see the results of the audit report and shouted that the report was misleading. He is also reported to have written a formal letter to the office of the Prime Minister Manmohan Singh stating that the government did not bear any losses on allotment of coal block.
The office of the Prime Minister acknowledged the receipt of the letter submitted by CAG and released its content to the media. The letter said, “In the extant case the details being brought out were observations which are under discussion at a very preliminary stage and do not even constitute our pre-final draft and hence are exceedingly misleading. In fact it is not even our case that the unintended benefit to the allocatee is an equivalent loss to the exchequer. The leak of the initial draft causes great embarrassment as the audit report is still under preparation. Such leakage causes very deep anguish”.
Further contents of the letter exposed that the final draft of the audit report in fact has significant windfall gains.
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