Ready to probe spending by Mukesh Ambani-led Reliance Industries Ltd (RIL) in the Krishna Godavari (KG)-D6 gas block from Wednesday, the Comptroller and Auditor General (CAG) has set aside conditions put out by RIL over keeping the audit findings confidential with the government.
The auditor in recent letters to the company and petroleum ministry has made it clear that the audit of the block for the period 2008-12 will be conducted in line with the CAG Act and the findings will be made public by sharing the report in Parliament.
“We wish to reiterate that the scope, extent and manner of audit would be as laid down under CAG’s (DPC) Act,” the CAG told RIL in a December 24 letter.
“As far as reporting of the audit findings is concerned, the results of audit would be communicated to the ministry and would also be used for reporting to Parliament as was done during the previous audit,” the CAG’s letter said.
An RIL spokesperson did not offer any comments on the development, but confirmed that the audit begins from January 9 at RIL’s Navi Mumbai premises.
RIL has been requesting the government that the audit report be submitted only to the petroleum ministry and not made public by submitting it before Parliament.
“The report of the audit conducted under Section 1.9 (of the production sharing contract or PSC) will be submitted to the party seeking the audit i.e. petroleum ministry for further action strictly in accordance with the procedures as set under the PSC,” RIL had stated in an October 18 letter. “Any information, data or knowledge acquired during an audit under Section 1.9 cannot be used for or associated with any other audit that may be performed by the CAG under its powers under the CAG Act 1971.”