India lost 10.7 trillion rupees ($211 billion) by allotting coal blocks instead of auctioning them to private and state-run companies, the Times of India reported, citing a report by the government’s chief auditor.
About 100 companies gained “undue benefits” from the government’s policy, the newspaper said, quoting from a draft copy of the report. The Comptroller and Auditor General is expected to submit the report to parliament in the current session, the Times of India said.
B.S. Chauhan, a spokesman at the CAG’s office in New Delhi, said he could not comment on the report.