digitalnirvana 646 Report post Posted March 13, 2011 New Delhi, March 12 (PTI): The telecom ministry is likely to raise a demand of over Rs 1,100 crore from five leading operators, including R-Com, Bharti and Idea, for under reporting revenues.“The department has completed investigations into the audit report of telecom companies and the demand may be raised by this month-end,” a source in the department of telecom (DoT) said. Telecom regulator Trai in 2009 had asked the DoT to conduct a special audit of the financial accounts of five telecom companies — R-Com, Bharti Airtel, Vodafone-Essar, Idea Cellular and Tata Teleservices — for the 2007-08 period. According to sources, the department is likely to demand over Rs 1,100 crore from these companies. Asked about operator-wise financial liability, the sources declined to comment. The DoT had ordered a special audit after the recommendation of Trai, which suspected that the operators were misreporting their revenues to avoid payment of licence fee to the government through revenue share. Source: http://www.telegraphindia.com/1110313/jsp/business/story_13707063.jsp Share this post Link to post Share on other sites
rajanmehta 4,056 Report post Posted March 13, 2011 Reliance Communications tried all tricks to brow beat the DOT Appointed Auditor in this Matter... Including filling Criminal Cases Against them... Just for doing their Job... Full Story Here http://www.rimweb.in...communications/ But unlike the Foreign Audit Firms... Which can be easily bought and notorious for silent participation in many scams like Satyam.... This One Stood like a Rock... Without any support from the Government whatsoever... Still there are Professional Auditors left in India with a Spine like Parakh & Co... Salute to them for their Tenacity and Courage.. Share this post Link to post Share on other sites
kesav 127 Report post Posted March 13, 2011 I second it my dear friend Share this post Link to post Share on other sites
