Delhi high court asks CAG to probe Nafed irregularities

The Delhi high court directed Comptroller and Auditor General (CAG) on Wednesday to probe the alleged multi-crore financial irregularities in the functioning of the National Agricultural Marketing Federation of India (Nafed).

“Issue a notice to Comptroller and Auditor General so that the court is apprised as to whether the accounts of Nafed from 2001 onwards have been audited or not,” a division bench of chief justice Dipak Misra and justice Sanjiv Khanna said.

The high court, which was hearing a PIL filed by Vikas Jain, fixed the matter on May 25 for further hearing.

Sugriva Dubey, counsel for Jain, said Nafed has diverted around Rs3,700 crore, meant for farmers, to its other businesses.

“As per their estimates, Nafed has to recover Rs1600 crore from persons who were given loans by it,” Dubey said adding besides this there are financial irregularities to the tune of Rs900 crore.