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RIL fully cooperating with audit: CAG

business Updated: Feb 21, 2010 17:15 IST

PTI
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The Comptroller and Auditor General (CAG) has stated that Reliance Industries is providing full access to records and making available copies of documents it has sought for audit of expenses incurred on the nation's largest gas field.

CAG, which started audit of the Krishna Godavari basin D6 field on December 21, after completing the first round of scrutiny sought a completely new set of documents and access to RIL's entire corporate SAP (computer-based accounts).

However, since the documents and the photocopies of records sought ran into thousands of pages, there was a delay, prompting CAG to shoot off a complain to the Oil Ministry.

Within weeks of the January 27 complaint, CAG has again written to the Petroleum Ministry saying it has made progress in receipt of requisitioned documents as well as their copies.

"There has been progress both in receipt of requisitioned documents as well as in making photocopies," CAG Principal Director of Audit K R Sriram wrote on February 12. Since, the entire RIL is not being audited by CAG, segregating records pertaining to on the KG-D6 fields was taking time.