KIADB slammed for extending undue benefit to private firm

The Comptroller and Auditor-General of India (CAG) has pulled up the Karnataka Industrial Areas Development Board (KIADB) for extending an undue benefit of ₹31.90 crore to Toyota Industries Engine India Pvt. Ltd. at Jigani and Bukkasagara in Anekal taluk of Bengaluru Urban district.

The CAG report for the year ending March, 2024, tabled in the Legislative Assembly on Monday, said KIADB had acted in violation of a government order while recovering compensation for land used for a road and reducing the rate of service charges, resulting in an undue benefit to the company.

According to the report, the KIADB neither levied nor collected ₹24.17 crore as compensation for 9,761 sq. metres of land used for a road. It also failed to collect service charges of ₹2.90 crore on the land.