13 years, 9 months ago

With CAG storm brewing for RIL, Jaipal meets Manmohan

With the spectre of another 2G-like scam haunting the Manmohan Singh government, Petroleum and Natural Gas Minister Jaipal Reddy met the Prime Minister on Tuesday and is understood to have discussed the implications of the draft report of the Comptroller and Auditor General on the irregularities it has unearthed in the Krishna-Godavari basin gas operations of Reliance Industries Ltd. The CAG has come down heavily on the working of the Petroleum Ministry as well as the Directorate General of Hydrocarbons and their “dubious role'' in giving “undue benefit” to Mukesh Ambani's RIL. Mr. Reddy's meeting with Dr. Singh assumes political significance as the CAG has pointed to a massive but as yet “unquantifiable'' loss to the national exchequer due to the “bending of rules'' to oblige RIL. On Tuesday, the Bharatiya Janata Party cited the draft CAG findings on KG gas as further evidence of the UPA government's “corruption” but stopped short of asking for a criminal investigation or indeed the head of Murli Deora, who was Oil Minister at the time this “undue benefit” was granted to RIL.

The Hindu

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