Thursday, June 13, 2024


Dhaka Tribune

SC rejects GP’s offer to pay Tk100cr due to govt

Earlier, the Supreme Court asked GP to inform how much it could pay now of the total audit claim of Tk12,579cr

Update : 31 Oct 2019, 01:30 PM

The Supreme Court has rejected telecom operator Grameenphone’s offer to payment Tk100 crore out of the Tk12,579 crore due to the government.

A seven-member bench of the Appellate Division, led by Chief Justice Syed Mahmud Hossain, rejected the payment offer on Thursday.

The court also set November 14 for the next hearing regarding the matter.

During Thursday’s hearing, Grameenphone lawyer Barrister Sheikh Fazle Noor Taposh informed the court that the mobile operator, during a meeting held with Finance Minister AHM Mustafa Kamal, offered to pay Tk100 crore due at the moment.

Bangladesh Telecommunication Regulatory Commission (BTRC) lawyer Khandaker Reza E Rakib confirmed the matter to Dhaka Tribune.

On October 24, the Supreme Court asked Grameenphone to inform it by Thursday (October 31) about how much money the operator could pay the government now out of the total audit claim of Tk12,579 crore.

On October 17, the High Court issued a two-month injunction on BTRC’s move to realize the money, after Grameenphone appealed to the court.

After the High Court’s rule, BTRC appealed to the Supreme Court about the matter.

The telecom regulator, recently took a number of regulatory measures against Grameenphone.

After running an audit on the Norway-based company, BTRC in 2016 claimed Tk12,579.95 crore from the mobile phone operator in taxes and late fees accumulated over the years.

BTRC ran its first audit back in 2011 on Grameenphone and found financial discrepancies amounting to Tk3,034 crore in the operator's books from its inception in 1996 till March 2011.

Grameenphone then disputed the appointment process of the auditing firm, and after a court ruling BTRC in October 2015 appointed another firm, Toha Khan Zaman & Co, to run a new audit on Grameenphone’s books from its inception until June 2015.

GP officials claimed that the methodology in the particular issue of BTRC were questionable.

Top Brokers


Popular Links