financetom
Economy
financetom
/
Economy
/
Rafale deal audit report by CAG to be another cover-up: Congress
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rafale deal audit report by CAG to be another cover-up: Congress
Feb 10, 2019 11:58 AM

A day before submission of the audit report on military procurement, including the Rafale jet deal, by the Comptroller and Auditor General (CAG) of India to the President, the Congress on Sunday citing a "conflict of interest" said the exercise is a cover-up of the "scam".

Share Market Live

NSE

Holding Prime Minister Narendra Modi "guilty" of compromising national security, the Congress also criticised the Bharatiya Janata Party (BJP)-led central government for being "opaque, intransient, obscure and obstinate to cover up the layers of corruption in the Rafale scam".

In a memorandum to CAG Rajiv Meharishi, the Congress accused him of committing "gross impropriety" by auditing the Rafale deal, saying as the Finance Secretary he was involved in the deal announced by Modi in April 2015.

"You were the Finance Secretary from October 29, 2014 to August 30, 2015, including at the time of unilateral announcement for purchase of 36 Rafale aircraft. Even at the time of cancellation of the 126 aircraft MMRCA deal you were the Finance Secretary.

"Consequently, you were directly involved in the Rafale deal on both these occasions as the Finance Secretary. Not only this, you were also involved in negotiations of the deal as a representatives of the Finance Ministry," the Congress said in the memorandum.

It accused Meharishi of being "complicit in the irregularities" in the deal and questioned his propriety to audit the deal as the CAG.

"The irregularities, bungling and corruption were happening at the highest level with your direct or indirect complicity and consent. This reflects your direct collaboration in the entire matter.

"There is no reason or occasion for you to audit the 36 Rafale aircraft deal as you can neither be a judge in your own cause (case) nor can sit in audit over your own actions to which you were a party.

"This conduct points to a direct conflict of interest, making you a judge in your own cause (case) and rendering you ineligible to conduct any audit on the Rafale deal as CAG," the party said.

Addressing the media later, Congress leader Kapil Sibal said the CAG report was yet another attempt of the Modi government to cover up the "Rafale scam".

"The CAG in his report, likely to be submitted on Monday, will not only defend his action in deal as then Finance Secretary but also do cover-up for the government. Despite all the irregularities happening before his eyes, the CAG will only come out defending the government and saying there is no corruption in the deal," said Sibal.

"Being legally not entitled to audit the deal, the CAG should recuse and refrain from submitting a report on the deal," said Sibal. The Congress has repeatedly demanded a probe by a Joint Parliamentary Committee (JPC) in to the "country's biggest defence scam".

First Published:Feb 10, 2019 8:58 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Rises Early Tuesday Ahead of Redbook, Factory Orders, Consumer Sentiment, JOLTS Data
US Dollar Rises Early Tuesday Ahead of Redbook, Factory Orders, Consumer Sentiment, JOLTS Data
Jun 4, 2024
07:46 AM EDT, 06/04/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of a string of economic data releases. Weekly Redbook same store sales are scheduled to be released at 8:55 am ET, followed by factory orders data for April, consumer sentiment data for May and...
US job market hits milestone on long, strange trip back to pre-pandemic normal
US job market hits milestone on long, strange trip back to pre-pandemic normal
Jun 4, 2024
WASHINGTON (Reuters) - The U.S. job market in April cleared a key hurdle in its slow return from the COVID-19 pandemic when a wonky economic chart known as the Beveridge Curve finished its own journey from where it had shifted during the health crisis back to where it was in 2018 to 2019. The Beveridge Curve plots the relationship between...
Kazakh Tenge Loses Ground to US Dollar Despite Positive Local PMI Reading
Kazakh Tenge Loses Ground to US Dollar Despite Positive Local PMI Reading
Jun 4, 2024
08:37 AM EDT, 06/04/2024 (MT Newswires) -- Kazakhstan's tenge lost some ground against the US dollar on Tuesday despite the S&P Global Kazakhstan Manufacturing Purchasing Managers' Index (PMI) improvement to 52.2 in May, up from 51.5 in April. USD/KZT was quoted at 448.4600 in European afternoon trade on Tuesday. An increase in the reading in May signals a modest monthly...
U.S. job openings drop in April, as labor market cools
U.S. job openings drop in April, as labor market cools
Jun 4, 2024
(Reuters) -U.S. job openings fell more than expected in April to the lowest in more than three years, a sign that labor market conditions are softening in a manner that could help the Federal Reserve's fight against inflation. Job openings, a measure of labor demand, were down 296,000 to 8.059 million on the last day of April, the lowest level...
Copyright 2023-2025 - www.financetom.com All Rights Reserved