GIDC paid 5 firms Rs 17cr extra due to ‘faulty calculation’: Audit report

Due to “faulty calculation”, the Goa Industrial Development Corporation (GIDC) paid an extra amount of Rs 17.32 crore to five companies to settle the special economic zone (SEZ) litigation, said comptroller and auditor general (CAG) of India in a report for the year ended March 31, 2020. What is shocking is that the state government asked GIDC to “bear the liability” and refused to inform the Supreme Court, which was monitoring the compromise settlement about the error.