The BoI was instituted in February after Coast Guard found Loshali's reply to the showcause notice issued to him over remarks that he had ordered the Pakistani boat to be blown up off the Porbandar coast to be "unsatisfactory".
"The BoI has submitted its report to the Coast Guard Director General. It will now go through a process of being studied at various levels after which the DG will decide what action has to be taken," defence sources here said.
Asked about the content of the report, the sources said raw video showed that Loshali did make the assertion that he had ordered the boat to be blown up, contrary to the denial he made later. They added "suitable action will be taken" and that he could face strict action.
Loshali had contradicted the government's claim that the crew of the intruding Pakistani boat had themselves set the vessel ablaze, leading to an explosion that caused the vessel to sink.
Defence Minister Manohar Parrikar and the Coast Guard have consistently maintained that the occupants of the boat had "self-destructed" after being chased by Coast Guard ships on the intervening night of December 31 and January 1.
Notwithstanding Loshali's claims, Parrikar had said his ministry stood by its version and even hinted at disciplinary action against him.
"Let me tell you. I hope you remember 31st December night. We blew off that Pakistan... We have blown them off. I was there at Gandhinagar and I told at night, blow the boat off. We don't want to serve them biryani," Loshali had bragged in the video before backtracking and claiming that he was misquoted.
He was removed as the Chief of Staff in Northwest region and attached to Coast Guard's zonal headquarters after the Board of Inquiry was constituted.

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