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Coal scam: CAG cuts gain figure from over Rs 10 lakh crore to Rs 1.85 lakh crore

Coal scam: CAG cuts gain figure from over Rs 10 lakh crore to Rs 1.85 lakh crore

The CAG said this was because the final report took into account 'extractable coal' or the coal that could actually be used in production.

New Delhi: The Comptroller and Auditor General has in its final report drastically reduced the alleged windfall gain figure from the coal blocks allocation scam.

The massive figure now stands at Rs 1,85,591 crore as it saw a dramatic reduction of 80 per cent in the final report.

The CAG said this was because the final report took into account 'extractable coal' or the coal that could actually be used in production.

In its first draft report, the CAG had put the size of windfall gain to companies at Rs 10,67,303 crore.

first published:September 08, 2014, 19:23 IST