Rs 100-cr ‘inadmissible expenditure’ by GHIAL: CAG

Government auditor CAG has sought the reversal of over Rs. 100 crore of “inadmissible expenditure” by the GMR Hyderabad International Airport Limited (GHIAL), saying it was collected and kept in an escrow account by the airport operator.

“Charging of inadmissible expenditure of Rs 100.40 crore to Passenger Service Fee (Security Component) fund by the operator was irregular and needs to be reversed early,” the Comptroller and Auditor General said that in a report tabled in Parliament on Friday.

It said the amounts – collected in 2010-11 and 2011-12 and related to administrative costs, terrorism insurance premium, land registration charges, purchase of land, construction of CISF quarters and interest paid on funds borrowed for their construction – were kept in the escrow account, it said.

Expenses on these heads were not admissible in the account which was meant for Passenger Service Fee (Security Component) as per standard operating procedures set by the Civil Aviation Ministry.

Full report here Hindu


Please enter your comment!
Please enter your name here