According to AMU spokesman Rahat Abrar, the CAG has not found any discrepancy in the accounts submitted by the University for the final clearance by the agency.
He said that CAG report has negated the allegations of financial irregularities in the AMU.
In its audit report, the CAG observed that proper books of accounts and other relevant records have been maintained by the University as required under Section 35(1) of the AMU Act 1920 in so far it appears from our examination of such books.
The report also specifically mentioned that the Balance Sheet and Income and Expenditure Account dealt with in this report are in the agreement with the books of account.
During 2009-2010, AMU received Grants/subsidies of Rs. 449.64 Crores. In addition to this, the University earned income from sales/services, Fees/subscription, investments, Publications, interest and other income to the tune of Rs. 17.68 Crores.