CAG flags Rs 12.86 crore loss in WBIDC's land deal with Flipkart in West Bengal
- Posted on July 26, 2026
- By Business News Today
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- 1 min read
In brief
India's Comptroller and Auditor General identified significant financial irregularities in West Bengal Industrial Development Corporation Limited's transaction with Flipkart's logistics subsidiary. The audit uncovered a Rs 12.86 crore undervaluation in land pricing methodology, attributed to the nodal agency's failure to account for water bodies present on the allocated property. This oversight resulted in substantial losses to the state exchequer and raises questions about due diligence in high-value commercial real estate transactions.
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CAG flags Rs 12.86 crore loss in WBIDC's land deal with Flipkart in West Bengal
A CAG report revealed a Rs 12.86 crore loss for WBIDCL in land allocation, which occurred while allotting land to Flipkart's logistics arm, Instakart Services. The state's nodal agency computed land prices without accounting for water bodies on the site, the CAG found.
