CPI-M for probe into KG basin gas contracts with Reliance | delhi | Hindustan Times
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CPI-M for probe into KG basin gas contracts with Reliance

The CPI(M) on Friday attacked the UPA government, saying the Prime Minister and the Union Cabinet should take full responsibility for the CAG audit findings on the KG basin gas contracts with Reliance Industries (RIL) and order a probe into it.

delhi Updated: Jun 17, 2011 21:29 IST

The CPI(M) on Friday attacked the UPA government, saying the Prime Minister and the union cabinet should take full responsibility for the CAG audit findings on the KG basin gas contracts with Reliance Industries (RIL) and order a probe into it.

"Under the principle of collective leadership in government, the entire leadership is culpable. The Prime Minister and the union cabinet must take full responsibility and order an inquiry into the matter," CPI(M) leader Sitaram Yechury told reporters.

Maintaining that they would raise the issue in Parliament, he said, "The Prime Minister is on record to say that India can ill-afford crony capitalism. But the worst form of crony capitalism is happening under his leadership."

There has been a raging controversy over the Comptroller and Auditor General's draft report severely criticising Oil Ministry's role in approving Reliance Industries' KG-D6 "inflated" field costs. The ministry has said no one should jump to conclusions as the report is yet to be finalised.

"This is yet another example of crony capitalism, as we saw in the scams relating to 2G spectrum, Commonwealth Games and Adarsh society, where sweetheart deals are given to private companies, allowing them to make windfall profits", he said.

Yechury and another CPI(M) Rajya Sabha member Tapan Sen spoke of "another scam that is unfolding" from the report of CAG which audited the production sharing contracts and "exposed the nexus between the UPA government and the Reliance Industries".

They demanded immediate action against then Director General (Hydrocarbons) and other officials and sought delinking of gas prices from the international crude prices immediately.