Telecom | RCom gets new auditor, report due in 3 months

Telecom | RCom gets new auditor, report due in 3 months
PTI
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First Published: Mon, Mar 02 2009. 01 15 AM IST
Updated: Mon, Mar 02 2009. 10 57 AM IST
New Delhi: The government has appointed a Jaipur-based accounting firm to conduct the special audit of the accounts of Anil Ambani-promoted telecom firms for alleged evasion of licence fee, in three months of starting work.
Parakh and Co. of Jaipur has been engaged to carry out verification of accounts of Reliance Communications Ltd (RCom), Reliance Telecom Ltd and Reliance Communications Infrastructure Ltd, officials said, adding that the company has been asked to submit the report within three months of its engagement.
The special audit would go into whether there was any gap between the revenue reported to the Telecom Regulatory Authority of India and to the stock exchanges/Sebi for the year 2007-08, as reported by an equity research organization.
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First Published: Mon, Mar 02 2009. 01 15 AM IST