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20 February, 2020 00:00 00 AM
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AUDIT CLAIM DISPUTE

BTRC refuses Tk 100 crore Grameenphone proposal

STAFF REPORTER, Dhaka
BTRC refuses Tk 100 crore Grameenphone proposal

Bangladesh Telecommun-ication Regulatory Corpo-ration (BTRC) has refused to take Tk 100 crore offered by the country’s leading operator Grameenphone (GP) as ‘adjustable deposit’.

GP Director and Head of Regulatory Affairs Hossain Sadat came up with the revelation during a press meet at a hotel in the capital yesterday.

According to the company, yesterday’s meeting with BTRC was a continuation of the earlier discussions that took place to resolve the issue.

During the talks, GP proposed to make an adjustable deposit of Tk 100 crore to the BTRC for continuation of discussion aimed at reaching a mutually acceptable framework, process and resolution.

The telecom regulator, however, did not accept the ‘adjustable deposit’ proposal.

 “Our deposit proposal is meant to find a solution based on the merit of the audit claim and is therefore separate from the ongoing court proceedings where the court has only stayed the realisation of the audit demand and not addressed the merit of the claim. It was just a step towards continuing the negotiations,” he said.

BTRC Chairman Jahurul Haque was later asked whether the deposit proposal was really tabled. He nodded in the positive saying, “They had come up with such a proposal. Now the issue is going through the legal process. We have got nothing to do outside the court decision now. Therefore, we did refuse the proposal.”

Asked as to why the operator offered money when the issue is going through a legal procedure, he said, “There could be ill motives behind such a move.”

Earlier, GP filed a review petition with the Appellate Division (AD) of the Supreme Court (SC) – thereby seeking its permission to pay Tk 575 crore in 12 equal monthly installments as adjustable deposits to the BTRC on January 26 this year.

The petition was filed against a previous SC order issued on November 24 last year where the apex court ordered GP to pay Tk 2,000 crore, around 10 times higher than what the operator was willing to pay to the BTRC.

On November 14, GP agreed to pay BTRC a sum of Tk 200 crore against the regulator’s audit claim of Tk 12,580 crore. This was in line with an out of court settlement between the two parties.

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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.

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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