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Having completed investigation into special audit of five leading operators, including RCom, Bharti and Idea, the Telecom Ministry is likely to raise demand of over Rs 1,100 crore from them for under reporting revenues. "The Department has completed investigations into the audit report of telecom companies and the demand may be raised by this month-end," a source in the DoT said. Full Article

It's payback time. The department of telecom (DoT) will issue on Monday its first set of show cause notices to companies that were ineligible to receive 2G licences/spectrum in 2008, as well as to those that failed to meet their basic rollout obligat Full Article

The CBI has collected documents from the ministry of corporate affairs about companies which were granted spectrum allegedly in an arbitrary fashion between September 2007 and January 2008. According to CBI sources, the MCA documents deal with the sh Full Article

The Comptroller and Auditor General of India , the apex audit body, has decided to audit the accounts of five telcos-- Bharti Airtel , Reliance, Tata, Vodafone and the state-run BSNL-- for 2009-10. Telecom regulator TRAI has already appointed a nodal officer to facilitate this audit exercise. Full Article

A special audit of Anil Ambani group firm Reliance Communications will be delayed, as the auditor Parakh & Co has sought an extension for three months from mid-July.The government has, however, asked the auditor for progress report before deciding on giving the extension and in case more time was given, the auditors would have to [...] Full Article