Coal audit report still under preparation

The Comptroller and Auditor General has written to the Prime Minister's office that the news report quoting it as saying that the government lost Rs 10.76 lakh crore by not auctioning coal blocks did not even constitute its "pre-final draft".

The PMO issued a press release quoting from a letter written by the CAG to the Prime Minister this afternoon. "With reference to the lead story published in the Times of India today titled 'Government lost Rs 10.7 lakh cr by not auctioning coal blocks: CAG', the Prime Minister has received a letter from the Comptroller and Auditor General of India at 1:30 pm today."

The PMO said that "among other things", the CAG's letter clarified that: "In the extant case the details being brought out were observations which are under discussion at a very preliminary stage and do not even constitute our pre-final draft and hence are exceedingly misleading. ... Pursuant to clarification provided by the Ministry in exit conferences held on 9.02.2012 and 9.03.2012, we have changed our thinking .... In fact it is not even our case that the unintended benefit to the allocatee is an equivalent loss to the exchequer. The leak of the initial draft causes great embarrassment as the Audit Report is still under preparation. Such leakage causes very deep anguish." 

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