Audits Comptroller & Auditor General
IIM Rohtak's corpus fund overstated by ₹267.45 crore, CAG finds
This audit examined the financial management, internal controls, and governance practices of the Indian Institute of Management, Rohtak (IIMR) for the period 2019-20 to 2024-25, with financial statement analysis covering 2009-10 to 2023-24.
₹ 267.45 croreCAG found that the Institute’s corpus fund was overstated by ₹ 267.45 crore.
Who it concerns: Indian Institute of Management, Rohtak (IIMR), under the Ministry of Education, Union Government.
What the auditor found
- Corpus fund overstated by ₹ 267.45 crore due to non-transfer of funds to earmarked capital expenditure funds.
- Excess amount of ₹ 12.16 crore transferred to corpus fund from revenue grants.
- Interest of ₹ 4.81 crore on unutilised grants not remitted to the Consolidated Fund of India.
- Avoidable expenditure of ₹ 7.27 lakh due to overlapping engagements of external firms for work already handled by internal staff.
- Undue financial benefit of ₹ 3.83 crore extended to a contractor through interest-free Mobilization Advance and delayed recovery.
- Statutory wage violations and underpayment to workers in security and facility management contracts, with only ₹ 5.28 lakh EPF deposited against ₹ 12.56 lakh claimed.
- Irregular procurement of 500 AC units awarded to an ineligible bidder and additional ACs procured without tendering.
- Non-compliance with statutory requirements for Board of Governors composition, including delays in appointing SC/ST and women members.
- 28 unauthorised modifications made to Ministry-vetted regulations prior to notification.
Also in the document
- CAG found that the Institute’s corpus fund was overstated by ₹ 267.45 crore.
- CAG reported that IIMR generated surpluses of ₹ 217.91 crore and increased student fees over six years without preparing annual budgets.
- CAG noted that IIMR did not prepare or submit statutory budgets, development plans, or triennial performance reviews between 2017 and 2024.
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The original document
Comptroller & Auditor General of India (CAG) — audit reports
Audit report · Ref. Report No. 24 of 2026 · 2026
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