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Reliance Com lambasts DoT audit report

business Updated: Oct 25, 2009 23:27 IST
HT Correspondent

Anil Ambani-Controlled Reliance Communications (RCom) on Sunday contested the report of Parekh and Co, the auditor appointed by the Department of Telecommunications (DoT) as “baseless, unsupported and contrary to facts.”

“RCom strongly affirms that it anticipates no additional financial liability towards licence or spectrum fee. The Special Auditor’s report estimating alleged additional liability of Rs 316 crore is incorrect, hopelessly biased, one-sided and prejudiced,” said a press release issued by RCom.

“For instance, the Special Auditors have incorrectly alleged that there is an additional liability of Rs 90 crore towards licence fee on discounts ..” it said.