Noida/Lucknow, Aug. 14 -- The Comptroller and Auditor General (CAG) of India has uncovered serious procedural lapses in the functioning of the Greater Noida Industrial Development Authority (GNIDA), citing irregularities in planning, land acquisition, pricing, and allotment that caused notional losses of Rs.13,362 crore to the state exchequer.
The audit report, covering the period from 2005-06 to 2017-18, was tabled in the UP Assembly on Wednesday. It found that irregularities in group housing plot allotments alone accounted for Rs.10,732 crore in dues. P4
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