Reliance Industries agrees to CAG scrutiny
that the audit report be submitted to the Oil Ministry, as provided under PSC, and not to Parliament. Also, it wanted CAG to maintain confidentiality of the information shared and not make them public.
CAG had strongly contested the conditions and the Oil Ministry too had been pressing RIL to give CAG "unfettered access to account books".
RIL, in the November 16 letter, referred to meetings held with the Oil Ministry to state that the company has been emphasising that "the report shall be kept confidential as required by the PSC".
CAG, it said, can conduct audit/special performance audit of the ministry or the Directorate General of Hydrocarbons (DGH) after the audit process under the PSC was completed.
Stating that RIL had assured cooperation in such an exercise, Ganguly said "as agreed such performance audit of the Ministry/DGH would not be mixed with the audit of the contractor's (RIL's) accounting books and records which will be an independent standalone audit."
Also, RIL "would not be subjected to any adverse implication of its economic interest as a result of the performance audit of the Ministry/DGH," he added
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