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The Comptroller and Auditor General (CAG) has found Odisha Government of extending undue benefits to South Korean steel major Posco in allotment of a piece of land in the state capital here.
"The company extended undue benefit in allotment of land disregarding zonal regulation and charging of premium at a reduced rate," the CAG in its latest report tabled in the Assembly yesterday said.
The CAG observation was made based on the performance audit on the land allotments by the state government's General Administration department headed by Chief Minister Naveen Patnaik. The auditor has come across widespread irregularities in land allotments.
The CAG report said that the country arm of South Korean Steel major POSCO-India had applied for allotment of a plot measuring 12,000 square feet for its Chairman-cum-Managing Director's (CMD) residence-cum-guest house in 2006.
However, later it enhanced the requirement twice to 25,000 sq.Ft in April 2007 and later 2 acres for the same purpose.
