A.P. financial situation | Finance Minister Buggana Rajendranath Reddy denies PAC chairman's allegations

In a strong rebuttal, Finance Minister Buggana Rajendranath Reddy has made light of the allegations of Public Accounts Committee (PAC) chairman Payyavula Keshav that large sums in excess of ₹41,000 cr

In a strong rebuttal, Finance Minister Buggana Rajendranath Reddy has made light of the allegations of Public Accounts Committee (PAC) chairman Payyavula Keshav that large sums in excess of ₹41,000 crore remained unaccounted for dismissing the allegations as "innocent comments". Seeking to turn the tables, he blamed the Comprehensive Financial Management System (CFMS) introduced during the Telugu Desam Party (TDP) rule in the State for the misconceptions. The Opposition party was expected to know the facts before they issue any allegations, he said. Addressing a press conference, the Finance Minister asserted that every rupee spent was accounted for. “The Comptroller and Auditor General [CAG] merely asked for a clarification. Basically, it was about reconciliation. The government was submitting necessary reports. But, the PAC chairman was provoking unnecessary doubts over the State's financial situation. It was only to defame the government. It was ridiculous that Mr. Keshav was demanding an audit by the CAG based on a letter by the CAG. Wonder, how can the PAC chairman make such innocent comments,” he said.