- Murli Deora, who as petroleum minister sought the CAG audit and sanctioned a CVC probe, offers to quit his ministerial post
- CBI action reinforces CAG draft report findings blaming DGH for oversight in implementation of production-sharing contracts
- Unease in market, as yet another CBI probe into charges of DGH having favoured RIL in its exploration activities is under way
- Petroleum ministry is keen to increase DGH strength, expertise to match exploration needs
The shadow-boxing is well and truly on. Is the Central Bureau of Investigation (CBI) raid on the premises of seven former officials of the Directorate General of Hydrocarbons (DGH), a technical advisory arm of the petroleum ministry, a canny red herring meant to deflect attention from the larger issues ailing the petroleum sector? Many experts subscribe to this view, warning that the level of scams waiting to be unearthed in the...