Deora assures CAG access to contractors' books

Image
Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 11:39 PM IST

The petroleum ministry today said it will ensure unfettered access to the accounts of private oil and gas contractors for the Comptroller and Auditor General (CAG), which earlier expressed ire over the attitude of some of the operators.

In a letter written to CAG Vinod Rai, Petroleum Minister Murli Deora said: “We have already given direction to the contractors to make available all materials sought by CAG.”

“In case, your organisation faces any difficulty from any contractor, this may be brought to our notice. We shall ensure that audit by CAG would be conducted as required,” Deora wrote to Rai on August 27.

Last week, CAG had written to the ministry saying (Mukesh Ambani-led RIL) had at the meeting on August 17 expressed considerable reluctance in providing access to records for the previous years till 2006-07.

Petroleum Secretary R S Pandey said: “The minister has told CAG that any non-compliance by the companies should be reported directly to him.”

“Subsequently, RIL had written to the ministry stating that it would voluntarily provide access to its books and sought the years and the modalities for the purpose,” he said.

“We had in 2007 asked operators to give in writing their objections to CAG auditing their books. Some operators expressed reluctance, but RIL was not one of them. They have never told us in writing that they are opposed to CAG audit,” Pandey said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 01 2009 | 12:36 AM IST

Next Story