The CAG pointed this out in its report on state finances for the year ended March 31, 2010, which was tabled in the state assembly by Deputy Chief Minister S K Modi.
While the loss was pegged at Rs 112.38 crore (583 cases), misappropriation at Rs 247.86 crore (255), defalcation at Rs 0.02 crore in (one) and defalcation Rs 47.71 crore (182 cases), the CAG report said.
These amounts were pending settlement, but no no follow up action had been taken to fix responsibility, it said.
The report highlighted that a total of 50988 Detailed Contingent (DC) bill amounting to Rs 11,854 crore up to March 2009 were pending up to July 2010 though the DC bills were required to be submitted within six months from the date of withdrawal of Abstract Contingent (AC) bill.
It suggested that the state government should ensure effective implementation of the provisions contained in the rule of Bihar Treasury Code, so that DC bills were submitted to the Accountant General within the stipulated time frame.
It also asked the government to take effective measures to ensure submission of the long outstanding utilisation certificates to intimate the AG about the details of grants and loans.