SC orders CAG audit on telecos

The Supreme Court on Thursday rejected a plea filed by telecom companies challenging a Delhi High Court order that had allowed an audit of their books.

The government had asked the federal auditor, which typically audits only public companies, to inspect accounts of several private telecom players amid speculation that they under-reported revenues in a bid to save on spectrum licence fees they pay to the government. The licence fee is based upon revenues reported by telecom companies.


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