New Delhi, Feb 27 (PTI) The CAG report on the Delhi liquor policy has been referred to the Public Accounts Committee (PAC) for examination, with the committee expected to submit its report within three months, assembly Speaker Vijender Gupta said Thursday.

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The Comptroller and Auditor General (CAG) report on the regulation and supply of liquor in Delhi has highlighted serious irregularities in the implementation of the excise policy by the Aam Aadmi Party (AAP) government.

Following discussions in the assembly, the report has been referred to the PAC for a detailed probe, with findings expected within three months.

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Gupta made the announcement, stating that the matter required urgent attention due to the financial losses incurred by the government.

The audit, conducted for the period between 2017 and 2021, pointed to significant lapses in the licensing process, pricing mechanisms, and regulatory oversight.

It alleged that the policy led to substantial revenue losses, benefiting private companies at the expense of public funds. The report said that a revenue loss of Rs 2,002 crore was recorded due to various irregularities, including failure to re-tender surrendered licences, excessive discounts, and waivers in license fees.

During the assembly session, several members expressed serious concerns over the findings, demanding strict action against those responsible.

Gupta stated that the Delhi assembly's PAC would conduct a thorough review of the report and submit its findings within three months.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)