Chandigarh, Sept. 26 -- Amid plans to raise Rs.15,000 crore by the Greater Mohali Development Authority (GMADA), the accountant general, Punjab, has told the high court that Rs.6,400 crore deposited by the authority in the financial year 2025-26 with the state government treasury is a "serious accounting impropriety."

Accountant general Kumar Abhay told the high court that the Rs.6,400 crore deposited with the state treasury was liable to be kept by the state as a "dedicated fund" and its absorption in the consolidated fund to finance general budgetary deficits is an act of "serious accounting impropriety".

"The amount spent by the state during the last 12 years for enhancing food security cannot be utilised to appropriate the deposit o...