The Comptroller and Auditor General of India (CAG) has pulled up the Maharashtra State Electricity Board (MSEB) for irregularities which resulted in a loss of Rs Rs 1,111.35 crore.
Injudiciousness, persistent irregularities and avoidable expenditure have resulted in the MSEB witnessing heavy losses, CAG mentioned in its report for 2001-2002. The report was submitted to the Maharashtra legislature on Monday.
According to the report, MSEB failed to prepare completion certificates for 13,319 projects (valued at Rs 333.18 crore) of the total 52, 018 works (Rs 2,145.95 crore) commissioned by it.
This, the report says, was in addition to the 12, 157 earlier works (valued at Rs 474.57 crore) that have remained incomplete.
