After flagging it in Parliament repeatedly, the Congress today took the matter related to Gujarat State Petroleum Corporation (SGPC) gas exploration to President Pranab Mukherjee demanding a judicial investigation into the “scam”. Basing its demands on a CAG report which revealed recently that the GSPC fruitlessly invested around Rs 197 billion in exploration of gas in Krishna Godavari basin, the Congress said GSPC must be made accountable for loss of public money.
The explorations were based on the purported discovery of India’s largest gas reserves, of 20 trillion cubic feet, valuing Rs 2220 billion in 2005 in the basin. An announcement to this effect had been made by the then Gujarat CM Narendra Modi. He had then promised commercial production from 2007 on an investment of Rs 15 billion. But no gas was found or produced. The Congress leaders led by party president Sonia Gandhi’s political adviser Ahmed Patel and comprising state unit chief Bharat Singh Slinky and Shankarsinh Vaghela argued before President for a judicial probe saying the state cannot be the judge in its own case. Jeremy Hill Authentic JerseyShare This