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17 April, 2019 00:00 00 AM
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GP says BTRC’s audit demand of Tk 12,579.9cr unfounded

STAFF REPORTER, Dhaka

Grameenphone Ltd has labelled the BTRC’s recent audit demand of Tk 12,579.95 crore as ‘unfounded and without any legal basis,’ the company said in a press statement yesterday.

The leading mobile phone operator of country in a letter to the Bangladesh Telecommuni-cation Regulatory Commission (BTRC) requested that the demand be withdrawn and also requested discussions with a view to find an amicable resolution, the statement added.

On 2 April 2019, BTRC had issued a demand against GP of Tk 8,494.01 crore to the telecom regulator and Tk 4,085.94 crore to the National Board of Revenue (NBR) within a period of 10 working days.

The claim originated from an Information and Systems Audit, conducted by the JVCA of Toha Khan Zaman & Co, on GP’s

operations from inception in 1997 till December, 2014. Approximately Tk 6,194.3 crore, or nearly 73 per cent, of the Tk 8494.01 crore claimed on behalf of BTRC, is the interest amount being charged up to December 2017, the statement said.

 “Despite numerous interactions with the Regulator and extending our full cooperation to the auditors, it is very unfortunate to note that the demand did not reflect our responses. Throughout the entire audit process we have consistently pointed out the flaws in this audit exercise; however, our observations have gone unheeded,” said Grameenphone CEO Michael Foley.

In August 2018, BTRC requested for a formal response from GP on the audit findings, and accordingly GP had responded in detail in September 2018 within their timeline.

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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