CAG seeks reversal of Rs 100 cr collected by gmr Hyd Airport

Sep 07 2013, 02:40 IST
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SummaryThe CAG has sought reversal of over R100 crore ‘inadmissible expenditure’ by GMR Hyderabad International Airport (GHIAL), saying it was collected and kept in an escrow account by the airport operator.

The CAG has sought reversal of over R100 crore ‘inadmissible expenditure’ by GMR Hyderabad International Airport (GHIAL), saying it was collected and kept in an escrow account by the airport operator. “Charging of inadmissible expenditure of R100.40 crore to passenger service fee fund by the operator was irregular and needed to be reversed early,” the CAG said in a report tabled in Parliament. It said the amounts, collected in ’10-11 and ’11-12, were kept in an escrow account.

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