What are the implications of the CAG report on regulatory governance concerning infrastructure projects like Arvind Kejriwal's 'Sheesh Mahal'

- The CAG report on regulatory governance of infrastructure projects such as Arvind Kejriwal's 'Sheesh Mahal' sheds light on potential mismanagement and financial irregularities. - It highlights the lack of transparency in project execution, leading to possible misuse of public funds. - The findings raise concerns about the reliability of governance mechanisms and oversight in infrastructure development projects. - The report may damage the credibility of the responsible authorities and impact public trust in government initiatives. - It could lead to calls for greater scrutiny, accountability, and reforms in regulatory frameworks to ensure better financial management and transparency in future projects.