Patna, Jan 21 (UNI) The Comptroller and Auditor General(CAG) of India has found huge financial irregularities and largescale corruption in Panchayati Raj Institutions(PRIs) and the Urban Local Bodies (ULBs) in Bihar during the audit findings in the two government departments for 2005-06.
Speaking to newspersons here today, a day after submitting their first ever reports to the state government, Principal Accountant General (Audit) Arun Kumar Singh and Examiner of Local Accounts D Jai Sankar said huge irregularities had been traced in the Accounting procedures of different PRIs besides the disbursement of Special Central Assistance from the Prime Minister's Gramodya Yojana and Sampurna Gramin Rojgar Yojna.
These had clearly established the fact that serious misappopriation of funds had taken place in various PRIs in almost all the districts in Bihar during the last fiscal leading to huge loss of revenue to the government under many heads, Mr Singh observed and pointed out that CAG had suggested several remedial measures to improve the dismal scenario.
Similarly in all the 27 bodies of the state's 112 ULBs whose accounts were audited by the CAG, huge financial irregularities had been unearthed, both Mr Singh and Mr Sankar pointed out.
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