Comptroller and Auditor General (CAG), one of the top auditors of
CAG General, Vinod Rai said, "We require 4-5 months to complete the audit... The process would take time, as this is the first time that we are looking at a private player’s books... It’s a very detailed process",
In 2005, RIL bid for areas offered under New Exploration Licensing Policy (NELP), and won the tender of Krishna-Godavari basin off the coast of
After a request from the Petroleum Ministry in 2007, CAG is auditing about the spending of Rs. 450 billion capital to extract gas from the D-6 block of the Krishna-Godavari basin.
Mr. Rai also said that RIL had submitted all necessary documents sought by CAG at the end of January 2010.
The prime objective of this audit by CAG is to detect if RIL had committed any fraud with the assistance of oil regulator DGH and the Ministry of Petroleum and Natural Gas.