New Delhi: A private operator at the Hyderabad airport utilised Rs 100.40 crore from an escrow account for “inadmissible work” like paying insurance premium and has not returned the money for the past one year despite Civil Aviation Ministry’s demand, the Comptroller and Auditor General (CAG) has found.
In its report tabled in Parliament on Friday, the CAG said the utilisation of this amount from the Passenger Service Fee (Security Component) escrow account was “irregular” and needed to be reversed early.
The audit for the fiscals from 2007-08 to 2011-12 found that the operator GMR used this amount from the escrow account for paying premium for terrorism insurance and purchase of land and construction of quarters for CISF besides other works.
The payment for these works could not be sourced from escrow account, according to the ministry’s standard operating procedure (SOP) for regulating this escrow account.
06/09/13 Deccan Herald
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In its report tabled in Parliament on Friday, the CAG said the utilisation of this amount from the Passenger Service Fee (Security Component) escrow account was “irregular” and needed to be reversed early.
The audit for the fiscals from 2007-08 to 2011-12 found that the operator GMR used this amount from the escrow account for paying premium for terrorism insurance and purchase of land and construction of quarters for CISF besides other works.
The payment for these works could not be sourced from escrow account, according to the ministry’s standard operating procedure (SOP) for regulating this escrow account.
06/09/13 Deccan Herald
