Active Stocks
Tue Apr 16 2024 14:34:37
  1. Tata Steel share price
  2. 160.15 -0.47%
  1. Infosys share price
  2. 1,419.10 -3.35%
  1. NTPC share price
  2. 357.90 -0.95%
  1. State Bank Of India share price
  2. 750.55 -0.83%
  1. ICICI Bank share price
  2. 1,065.85 -1.20%
Business News/ Politics / Policy/  Nitin Gadkari denies any wrongdoing amid opposition uproar on CAG report
BackBack

Nitin Gadkari denies any wrongdoing amid opposition uproar on CAG report

Gadkari read out a statement in Rajya Sabha saying the CAG report was 'deliberately being misinterpreted for political reasons'

Nitin Gadkari said CAG has nowhere named him as a wrong-doer and there was no charge of corruption or misappropriation. Photo: Ramesh Pathania/MintPremium
Nitin Gadkari said CAG has nowhere named him as a wrong-doer and there was no charge of corruption or misappropriation. Photo: Ramesh Pathania/Mint

New Delhi: Union minister Nitin Gadkari broke his silence on Monday on the Comptroller and Auditor General of India (CAG) report on irregularities in loan extended to his family-linked Purti Group, saying the auditor has nowhere named him as a wrong-doer and there was no charge of corruption or misappropriation.

Amid slogan-shouting by the Congress members seeking his resignation, Gadkari read out a statement in Rajya Sabha saying the CAG report was “deliberately being misinterpreted for political reasons."

“My respectful submission before this august House is that let us follow the established procedure in the matter of CAG reports and if any wrongdoing is established by the PAC (parliamentary affairs committee), which will be discussing the CAG report in due course of time, the law should take its own course," he said.

“The CAG has nowhere named me as a wrongdoer nor there is any adverse comment against me. There is neither any indictment nor any charge of corruption or misappropriation against me of the PSKL (Purti Sakhar Karkhana Ltd)," the road transport and highways minister said. But the Congress members were not satisfied with his statement and continued to raise slogans from the Well of the House demanding his resignation and forcing two adjournments before noon.

Gadkari said the principal loan amount of 46.63 crore was provided by state-run Indian Renewable Energy Development Agency (Ireda) to Purti Group for a 22-MW bagasse-based power plant in Nagpur and major part of the interest has been repaid. Stating that while he was chairman of PSKL from 2000 to 2011, he was neither an MP nor held any public office in government when the 13-year loan was extended to the firm in 2008-09.

“The audit report alleges lapses/irregularities in procedures followed by Ireda, which were explained in detail by Ireda and comments of the CAG are not acceptable to Ireda," he said. “PSKL has not committed any misappropriation nor has it misrepresented any facts before Ireda. The audit report does not allege any such conduct," he claimed.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 11 May 2015, 01:25 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App