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Newslaundry
Newslaundry
National
Aban Usmani

‘Undue concession’ to Reliance in Maharashtra led to Rs 41.1 cr loss: CAG

A Comptroller and Auditor General of India report has pulled up the Maharashtra Industrial Development Corporation over undue concessions in subletting charges on industrial plots. These ineligible concessions, it noted, were granted to five entities and caused a loss of Rs 48.94 crore to the exchequer, of which a lion’s share – around Rs 41.1 crore – was claimed by Reliance affiliates.

The report, tabled in the Maharashtra assembly on Wednesday, also questioned the direct allotment of 15 industrial plots instead of auctioning them, and the allotment of as many as 103 plots despite their non-availability. 

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