The Karnataka Rural Infrastructure Development Ltd (KRIDL) has completed less than 30 per cent of works it received between 2016-17 and 2020-21, resulting in accumulation of funds to the tune of Rs 17,320 crore, the Comptroller & Auditor General (CAG) has flagged.
In a stinging observation, the CAG said quality control system in KRIDL is “non-existent”.
According to the CAG report on the performance audit of KRIDL tabled in the Assembly on Thursday, 84,574 works were allotted to the state-run company.
Of these, it has completed only 24,014 works, which is 28 per cent. As a result, the company has failed to utilise the funds allotted and is sitting on Rs 17,320 crore of unutilised money, the report said.
