Chandigarh, June 4 -- The Chandigarh Transport Undertaking (CTU) lost over Rs.5 crore due to financial irregularities, including failure to make recoveries from government departments, underutilisation of commercial assets, and short recoveries from contractors during the financial year 2024-25, an audit by the Comptroller and Auditor General (CAG) revealed.

Waivers recommended sans authorisation

Among the most glaring findings of the report was the role of a consultancy, RINA Consultancy, appointed to monitor the implementation of the intelligent transportation system (ITS).

Auditors found that the consultancy, which was responsible only for monitoring and evaluation of the project, recommended waiver or reduction of penalties imposed...