Report endorses Lokayukta findings on loss to the State exchequer

The Comptroller and Auditor General of India (CAG) has almost endorsed the Karnataka Lokayukta report on illegal iron ore mining and pegged the total loss due to illegal exports of ore at Rs 15,245 crore from 2003 to 2010. Besides, the CAG has estimated Rs 3414.45 crore loss to the State Exchequer due to “compliance deficiencies.” However, unlike the Lokayukta report, the supreme audit institution of India has not directly indicted any public servant.