news details |
|
|
| CAG detects Rs. 1726.88 crore fraud in accounts, transactions of J&K govt | | | Syed Junaid Hashmi
JAMMU, Apr 8: CAG has detected Rs. 1726.88 crore fraud in the accounts and transactions of various departments of Jammu and Kashmir government.
In its audit report for the financial year 2010-11, CAG has pointed out that during the last three financial years (2008-09, 2009-10 and 2010-11), serious irregularities amounting to Rs. 1726.88 crores were brought to the notice of government but to no avail. CAG has rebutted government claims and stated that its audit observations were not respected and no action was taken even over the serious cases of embezzlement and fraud.
These serious irregularities came to fore during periodical inspection of accounts and transactions of various government departments by Principal Auditor General (Audit). After the inspection, departmental heads were apprised through Inspection Reports (IRs) about irregularities detected during the inspection in their respective departments. Even the higher authorities i.e ministers were sent copies of these reports.
Though anticipated to act swiftly, these departmental heads preferred to burry these observations and made no efforts to initiate inquiries and recoveries as required. Finance Department is yet to take serious corrective measures and initiate
recoveries in 257 such cases involving an amount of Rs. 857.47 crore. Transport Department has failed to take action in irregularities amounting to Rs. 20.86 crore.
Rs. 813 crore irregularities involving 183 different cases have been detected in the Stamps and Registration department. Action by the state government has not been forthcoming especially in fixing responsibility of heads of various departments. Further, on yearly basis, present coalition government took over in January 2009 and on that day, the amount involved in irregularities stood at Rs. 739.11 crore.
During the first financial year i.e 2009-2010, CAG detected irregularities amounting to Rs. 935.57 crore. In the year 2010-11, irregularities of Rs. 132.61 crore were detected upto June 2010. 599 inspection reports were submitted to the government for perusal and action. Government took half-hearted action in 10 cases and recovered meager amount of Rs. 1 lakh during the last three financial years.
CAG has present a bleak picture of government action by stating that during the last five financial years starting from 2005-06; out of umbrage of cases pointed out, government took notice of just 33 cases of irregularities involving Rs. 8.75 crore. Even out of this small amount, government has managed to recover Rs. 45 lakh, leaving around Rs. 8.30 crore yet to be recovered.
CAG has stated that even in the cases, where government has accepted its observations, departmental heads have failed to recover the dues. CAG has advised the government to install a mechanism for pursuing and monitoring prompt recovery of dues involved in the accepted cases. Large pendency of IRs indicates that heads of various departments do not take prompt and timely action to rectify defects, omissions and irregularities, CAG has pointed out in its report.
It has stressed that prolonged delay in settlement of the audit observations is fraught with risk of their becoming too old for effecting recovery by the concerned departments. CAG has also observed that test check of 71 units of commercial tax, motor vehicles and pother departmental offices conducted during the year 2010-11 revealed loss of revenue aggregating to Rs. 68.92 crore in 300 cases.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
|
|
STOCK UPDATE |
|
|
 |
| BSE
Sensex |
 |
| NSE
Nifty |
|
|
| |
CRICKET UPDATE |
|
|
|
|
| |
| |
|
|
| |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
