Comptroller and Auditor General(CAG) -”The audit is complete at CAG end. We are currently in the final compilation stage after which the report will be sent to the Oil Ministry for comments,” a CAG official said.
CAG, which went into the $8.8 billion cost incurred by Reliance in producing gas from the nation’s largest field, had examined and received replies on its audit comments from the Mukesh Ambani-led firm. The CAG plans to complete the entire audit process, which will include incorporating oil ministry’s comments on its findings, by November.
CAG started audit of Krishna Godavari basin D6 field on December 21 last year. It, however, faced some difficulty in accessing new documets it sought after completing the first round of scrutiny. But within a month, RIL complied and the premier auditor made good progress thereafter.
RIL had on August 17 agreed to an audit by CAG but the nation’s premier auditor could put its house in order for the audit only by December.
CAG’s scope of audit of PSC in respect of the block KG-DWN-98/3 (KG-D6) awarded to RIL, for two financial years – 2006-07 and 2007-08, with access to records of previous years linked to transactions of these years.
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