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Gujarat polls: Congress demands CBI probe into Rs 10,651-cr GSPC scam

Latest revelations in the GSPC scam have revealed reports of misspending of Rs 10,651.80 crore of foreign exchange, the Congress alleged

IANS  |  New Delhi 

Narendr Modi, Gujarat elections 2017, Gujarat polls 2017, First phase of Gujarat polls
Narendra Modi waves to crowd at an election campaign rally at Dhandhuka village of Ahmedabad district

Terming it a scam, on Friday accused the in and the Modi-led Central of misspending Rs 10,651 crore worth foreign exchange in the State Petroleum Corporation (GSPC) and demanded a Supreme Court-monitored inquiry by the in the matter.

The party also called it a "model of "

"Latest revelations in the have revealed reports of misspending of Rs 10,651.80 crore of foreign exchange. This is evident from the examination of the accounts of the GSPC between 2006-07 and 2015-16," spokesperson Ajoy Kumar told media persons.

"What is striking is that the spending of this foreign exchange is not explained in the profit and loss account of the GSPC. The question is where did this money go?" he asked.

The demanded a inquiry monitored by a judge in the alleged

"Just Rs 372.32 crore expenditure in foreign exchange was mentioned in the accounts of GSPC in the category of miscellaneous expenses. Can such a huge amount spent from the state exchequer be put in the category of 'miscellaneous expenses'," he asked.

"The sudden increase in expenditure in in the GSPC accounts reeks of a conspiracy," he added.

According to the party, in the year 2008-09, the amount of foreign exchange spent has been shown to be Rs 175 crore and it increased to Rs 208 crore in 2009-10.

In 2012-13, the amount of expenses in was shown as Rs 472 crore, which increased to Rs 622 crore the next year, Rs 614 crore in the following year before suddenly increasing to Rs 1,667 crore next year.

First Published: Sat, December 09 2017. 08:56 IST