NEW DELHI The Comptroller and Auditor General of India (CAG) on Thursday said that auditing relating to investments made by Mukesh Ambani owned Reliance Industries Ltd. (RIL) in the oil and gas sector will takeat least three to four months to complete.
“It will take about 3-4 months for the audit report to get ready. Then we will table it in Parliament,” Comptroller and Auditor General Vinod Rai told mediapersons when asked about the special auditing of RIL’s expenditure, which increased by nearly four times to Rs. 45,000 crore.
CAG got hold of the accounts after a long wait and several requests made to the Petroleum and Natural Gas Ministry.
CAG had earlier written to the Petroleum Ministry for getting access to the books of private oil and gas contractors, including RIL, but it did not get access for about two years, following which the Petroleum Ministry late last month promised to ensure an unfettered access.
CAG has now got the access to the books and now it would study the costs incurred by the contractor. The final report, however, could take six months to one year which could include getting the report ready, then sending it to the Petroleum Ministry and incorporating their reply.