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V.Balasubramani
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CAG: 6 telcos understated revenue by Rs 46,000 crore, govt lost Rs 12,490 crore
NEW DELHI: A Comptroller and Auditor General (CAG) report on the accounts of six private telecom operators, tabled in Parliament on Friday, blamed the department of telecom for the lack of monitoring that resulted in companies adopting "ingenious methods" to understate revenue by over Rs 46,000 crore, which resulted in a loss of around Rs 12,490 crore to the government.
The auditor — as reported by TOI on March 9 — examined the accounts of six operators — Airtel, Tata, Reliance, Idea, Vodafone and Aircel — between 2006-07 and 2009-10, and found that Tata group and Reliance Communications were among the top defaulters, followed by Bharti Airtel.
The three together caused a loss of Rs 10,000 crore to the exchequer.
Read more at: http://timesofindia.indiatimes.com/...-lost-Rs-12490-crore/articleshow/51365866.cms
NEW DELHI: A Comptroller and Auditor General (CAG) report on the accounts of six private telecom operators, tabled in Parliament on Friday, blamed the department of telecom for the lack of monitoring that resulted in companies adopting "ingenious methods" to understate revenue by over Rs 46,000 crore, which resulted in a loss of around Rs 12,490 crore to the government.
The auditor — as reported by TOI on March 9 — examined the accounts of six operators — Airtel, Tata, Reliance, Idea, Vodafone and Aircel — between 2006-07 and 2009-10, and found that Tata group and Reliance Communications were among the top defaulters, followed by Bharti Airtel.
The three together caused a loss of Rs 10,000 crore to the exchequer.
Read more at: http://timesofindia.indiatimes.com/...-lost-Rs-12490-crore/articleshow/51365866.cms
