New Delhi: Refuting claims, Corporate Affairs Minister Murli Deora on Wednesday said that he has offered to resign from the council of ministers, but his resignation comes ahead of the proposed cabinet re-shuffle.

Speaking to a TV channel, Deora said his resignation had nothing to do with the CAG report on Reliance Industries. He said "I had initiated the CAG Report...I will be happy to serve the party now and will wait for party’s decision."

The Comptroller and Auditor General (CAG) had earlier said the Oil Ministry and its technical arm, the Directorate General of Hydrocarbons, bent rules by allowing Mukesh Ambani's Reliance Industries to inflate costs of development on its D6 block in the KG basin by 117 per cent.

The CAG was asked to audit the accounts of Reliance after allegations of 'gold-plating', or artificially inflating the cost of development of gas field costs were levied by the Anil Ambani Group.

Deora also said, "Due to personal reasons, I have offered to step down as minister from the Union Cabinet and offer my services for the Congress Party, where my political career began. I thank the Congress President and Prime Minister for their continuous support and guidance."

It was also learnt that the Corporate Affairs Minister sent his resignation several weeks.

However, there is no confirmation if Deora's resignation has been accepted.

Sources close to Deora said his offer to work for the party was consistent with the call from the party high command that senior ministers should engage in party work. The Minister also cited his age as a reason for his offer to quit, sources said.

Deora was the Petroleum Minister before taking charge as the Minister of Corporate Affairs in a cabinet re-shuffle in January 2011. There have been allegations that as the Petroleum Minister, Mr Deora had proximity with certain industrial houses.