ISLAMABAD: The Auditor General of Pakistan (AGP) Tuesday released a special audit report on the expenditure incurred on procurement and subsequent repair of two VVIP Jet Gulfstream Aircrafts, for the years, 2005-06 to 2018-19.
Main findings of the audit include non-production of record pertaining to procurement of aircrafts amounting to $61 million and repair and maintenance record for years, 2005-06 to 2012-13.
Audit also observed non fulfillment of the RRC obligations such as levy of late delivery charges, non-inclusion of bank guarantee and non-availability of price lost.
Audit also found that out of allocated budget of $147 million, an amount of $126 million could not be reconciled. Out of total LC amount, ie, $30 million against the RRC, an expenditure of $10.4 million could also not be reconciled.
Audit also revealed unauthorised expenditure for navigational upgradation of G IV and G-450 to the tune of $6.85 million. The two Gulfstream aircrafts were procured from M/s Gulfstream, USA, on propriety basis during years, 2005 and 2007 respectively, under the orders of the prime minister for domestic and international visits of the VVIPs.
Copyright Business Recorder, 2021
Comments
Comments are closed.