KG Basin row: Cong seeks JPC probe into PM’s role in GSPC ‘mismanagement’

Congress sources said the party planned to raise the issue in Parliament to put the government and the PM on the mat.

By: Express News Service | New Delhi | Updated: April 6, 2016 4:23 am

Days after the Comptroller and Auditor General (CAG) of India rapped the Gujarat State Petroleum Corporation for mismanaging its exploration and development activities, the Congress Tuesday attacked Prime Minister Narendra Modi, saying that the state-owned PSU “squandered away” nearly Rs 20,000 crore under his watch as Chief Minister. Claiming that the CAG had exposed the “myth of Gujarat model and brand NaMo”, the party also demanded constitution of a Joint Parliamentary Committee (JPC) to examine Modi’s role in a free and fearless manner.

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Congress sources said the party planned to raise the issue in Parliament to put the government and the PM on the mat.

But in its attack, the Congress particularly focused on the observation that the GSPC invested a massive Rs 19,576 crore in KG basin gas blocks without properly assessing the risks in cost and technology.

Congress leader Anand Sharma said in 2005 Modi had announced the discovery of 20 trillion cubic feet of gas by GSPC in the KG basin, valued at Rs 2.2 lakh crore. “He had made tall claims that he and his state will be able to save Rs 84,000 crore on the oil import bill of the country,” he said.

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