Wednesday, 7 December 2011

Who is the Beneficiary? CAG pointed out loss of interest;

Project money received from different Govt. funding agencies were put in the bank as fixed deposit flaunting all financial rule in lower interest.

Current officiating director was the chairman investment committee from 2001till 2010.

Loss of interest in different FDR are clearly visible in the table prepared by CAG. Exchequer money is lost, now question remains who got the benefits of those FDRs?

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