Email to editor
Email to Support
Thuglak Online Store
Cho's Collections


Kathadi Ramamurthi's


Tamil Telefilms
6 VCD/DVD Collections


Bharatanatyam
5 - VCD/DVD Collections


Yoga
8 - VCD/DVD Collections


Carnatic Music - Vocal
25 - VCD/DVD Collections


Devotional
21 - VCD/DVD Collections


Carnatic Music - Instrument
10 - VCD/DVD Collections


Mouli's
6 - VCD/DVD Collections


Crazy's
22 - VCD/DVD Collections


S.Ve.Shekher's
15 - VCD/DVD Collections


Kuchupudi
6 VCD/DVD Collections


Y.Gee.Mahendra's
8 - VCD/DVD Collections


Dummies Drama's
6 - VCD/DVD Collections

Review of Reliance Industries gas not over yet: Auditor

Category :India Sub Category :National,Business
2009-08-09 00:00:00
   Views : 363

New Delhi, Aug 9 - India's official auditor has on record said his office was yet to ratify the $9 billion capital expenditure claimed by Mukesh Ambani-led Reliance Industries for tapping natural gas from the Krishna-Godavari basin.

The remarks to IANS clearly run contrary to a statement by Director General of Hydrocarbons V.K. Sibal recently that the office of the Comptroller and Auditor General (CAG) of India had already carried out the necessary audit on the matter.

'We are still to complete the audit of Reliance Industries' books. We don't have the mandate to audit the books of a private company. That is why the books were not made available to us,' said Vinod Rai, CAG of India.

'We are in touch with the government to complete the audit at the earliest,' Rai told IANS, even as officials at the audit office said a letter had been written to the oil ministry to get relevant documents and responses from Reliance.

The remarks also assume significance in the wake of the Anil Ambani group alleging that Reliance Industries had gold-plated -- or grossly overstated -- the capital expenditure for the production of gas from the Krishna-Godavari basin.

Subsequently, the Director General of Hydrocarbons - the regulator and custodian of the country's oil assets - had said that the capital expenditure was above board since the official auditor has duly looked it into the same.

'The CAG (Comptroller and Auditor General) team has carried out the audit work. A CAG audit has recently been completed,' Sibal had said in a statement, while seeking to give a clean chit to Reliance Industries.




Author :Indo Asian News Service



Bookmark and Share

Related News

  • Global swine flu toll rises to over 3,900: WHO
  • Champions Trophy: England start with impressive win over Sri Lanka
  • Rival agency in talks to take over AP's German service
  • PM's task force reviews problems of small industries
  • Super clash awaits as India take on Pakistan Saturday (Preview)
  • Chandigarh government offices to have jail-made furniture
  • Tripura's royal Durga Puja continues, courtesy government
  • Goa school shuts down for week over swine flu