WORLD OF CRISIS

Feb 19, 2009

Special audit of RCom companies: DoT

The Department of Telecom has decided to do a special audit of Reliance Communications' telecom licence companies.

This was stated by Jyotiraditya Scindia, Minister of State for telecom and IT, today in a written reply in the Rajya Sabha.

He said Parakh & Co has been selected as Auditor to carry out the special audit of Reliance Communications (Stand Alone), Reliance Telecom and Reliance Communications Infrastructure for the years 2006-07 and 2007-08.

"The Special Auditor will verify whether there (has been) any evasion of licence fees", he said.

The auditor has been short-listed from the panel of auditors obtained from C&AG and after obtaining details on their experience in the telecom business.

Replying to a query, Scindia said the Government is working out revised liquidated damages to be recovered from different licensees.

He said the Government has taken enough steps to ensure handsets with International Mobile Equipment Identity number.

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