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| CAG writes to Oil Ministry to access RIL books |
| Press Trust of India / New Delhi Aug 09, 2009, 15:06 IST |
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Unable to access Reliance Industries' (RIL) books for two years for auditing the government's gas contract with the Mukesh Ambani-led firm, the country's apex audit institution Comptroller and Auditor General (CAG) has sought the Petroleum Ministry's help in the matter.
The CAG has written to the ministry as it has not been able to access the accounts of RIL to conduct the audit of the government's production-sharing contract with the company for Krishna-Godavari basin gas, a top official associated with the matter said.
The Ministry, in turn, has favoured a meeting "very soon" between the CAG and the contractor, RIL, the official added.
"Audit has gone into a limbo, so we cannot share much detail," a top CAG official said on condition of anonymity, when asked if the audit on the capital expenditure of Rs 45,000 crore by RIL in its KG basin blocks has been done.
Another official, who did not want to be named, said that the CAG was trying to work out a solution to take forward the audit that started about two years ago, and accordingly it had written to the Ministry of Petroleum and Natural Gas.
Earlier this week, oil and gas regulator Directorate General of Hydrocarbons (DGH) Director General V K Sibal had said that "the CAG team has carried out the audit work".
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