CAG Report: KCR Spent 2.8 Lakh Cr Without Authorization

The Comptroller Audit General of India recently quoted that there are severe financial irregularities related to the humongous Kaleshwaram project amounting to Rs 1 lakh crore. The Audit General has unearthed another unregulated fiscal misuse done during the KCR regime. 

According to the democratic regulations, the financial spending of the incumbent government must first be approved by the majority of the MLAs in the legislative assembly. This is called budget approvals and it is done every financial year by the government. However, in this case, KCR spent government funds well over the approved government budget presentations and its limitations. 

Between the financial years 2014-15 to 2021-22, the then CM spent Rs 2.88 lakh crore in public money without any authorization. These funds were spent without budget approvals in the assembly, according to the report from CAG.

The CAG report referred to the Kaleshwaram project scam, sheep scam, Dharani scam, and metro scam in the report that cites the Rs 2.88 lakh crore irregularities in the KCR regime. The CAG called this “financial indiscipline and mismanagement of public resources”.

CM Revanth Reddy said recently that an investigation is due on KCR over the scams and financial mismanagement in his tenure and this report from CAG further adds to the woes of the ex-CM.