Auditor appointed to examine Sheba Phone’s claim against BTCL

Staff Correspondent | Published: 23:29, Jun 04,2017 | Updated: 00:26, Jun 05,2017

 
 

The Bangladesh Telecommunication Regulatory Commission has appointed an auditor to examine Integrated Services Limited’s (Sheba Phone) long-pending claim worth around Tk 1,200 crore against state-owned Bangladesh Telecommunications Company Limited.
The BTRC through a letter issued by its commissioner Md Jahurul Haque assigned last week audit firm Hoda Vasi Chowdhury and Company to verify the ISL’s claim, BTRC officials told New Age on Sunday.
The audit firm was asked to submit its report within four weeks, they said.
Asked, Jahurul told New Age that the commission appointed the audit firm with a view to scrutinising whether ISL incurred any losses due to internet cable connection cut-off by BTCL in 2009.
The auditor was asked to give proper justification for ISL’s losses, if found, due to the BTCL’s move, he said.
The BTRC also asked Hoda Vasi to justify if no substance in favour of the ISL’s claim is found, he said.
Based on a plea from ISL for arbitration, the telecom regulator first started the process in May 25, 2010.
ISL in its prayer mentioned that the organisation incurred Tk 969 crore in revenue loss, Tk 128 crore in investment loss and Tk 100 crore in reputation loss due to a cut in its cable by BTCL in 2009, resulting in operation suspension of the company since then.
ISL or Sheba served as a public switched telephone network with special focus on rural areas.

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