An Auditor Seeks Protection On RCom Complaints: Report

Jaipur-based accounting firm which had been appointed by the Indian government to audit the books of India’s leading mobile operator Reliance Communications has sought protection from the telecom ministry against a criminal complaint by the Anil Ambani Group company (ADAG), reports The Economic Times. It’s been a year now when the auditor- Parakh & Co submitted a report to the Department of Telecom (DoT) alleging violations in payment of statutory dues by the company. According to a letter written to the telecoms minister A Raja and several senior telecoms officials, Parakh & Co had received a notice from anti-extortion cell, crime branch, Mumbai Police asking for documents and records relating to the Reliance Communications audit, after a criminal complaint from the company. The audit firm reportedly received the police notice in the middle of September this year, even as the complaint was filed in October 2009. RCom has also complained at Institute of Chartered Accountants of India ( ICAI ), Registrars of Companies (ROC) and Thane Court against the accounting firm. However, Reliance Communications had said that they will file complaints against the auditors, as according to them “the audit report was prepared without any discussion with us and it went beyond terms of reference. Parakh & Co has done professional misconduct,” reports

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