Economic Reporter :
The country’s leading mobile phone operator, Grameenphone, would deposit another installment of Taka 1,000 crore to Bangladesh Telecommunication Regulatory Commission (BTRC) today as part of outstanding due of Taka 12,580 crore unearthed by audit.
The operator is going to make the payment within May 31, 2020 following the directive of the Appellate Division on February 20 to escape any regulatory measures.
“Grameenphone respects the legal system of Bangladesh, Supreme Court’s direction and looks forward to continued court protection to run regular business operations,” said a statement of the operator on Monday.
It had previously deposited Taka 1,000 crore to BTRC on February 23 last complying the directive for a total adjustable payment of Taka 2,000 crore to the regulator.
Grameenphone said with this balance adjustable deposit, it will have fully complied with the court directions relating to the injunction.
The Grameenphone statement also appreciated the recent collaboration with the regulator and looks forward to continued cooperation to fully restore normal operations.
The Appellate Division’s order came in response to a review petition filed by Grameenphone earlier on January 26 to allow it to pay Taka 575 crore in twelve equal installments.
The review petition was filed after the apex court had directed Grameenphone on November 24 last year to pay Taka 2,000 crore to BTRC within three months (by February 23) against the demand of Taka 12,579.96 crore dug out by audit.
Grameenphone and Robi, the second largest mobile phone operator, were engaged in a virtual scuffle with BTRC over financial and technical audit to the operators’ book since their inception up to 2015.
Earlier, in another order, the Appellate Division asked Robi Axiata Limited to pay in equal five installments in five months Taka 138 crore out of BTRC’s demand amounting to Taka 867.23 crore.
Robi complied with the order paying on January 14 the first installment, 17 days ahead of the expiry of the deadline.
The country’s leading mobile phone operator, Grameenphone, would deposit another installment of Taka 1,000 crore to Bangladesh Telecommunication Regulatory Commission (BTRC) today as part of outstanding due of Taka 12,580 crore unearthed by audit.
The operator is going to make the payment within May 31, 2020 following the directive of the Appellate Division on February 20 to escape any regulatory measures.
“Grameenphone respects the legal system of Bangladesh, Supreme Court’s direction and looks forward to continued court protection to run regular business operations,” said a statement of the operator on Monday.
It had previously deposited Taka 1,000 crore to BTRC on February 23 last complying the directive for a total adjustable payment of Taka 2,000 crore to the regulator.
Grameenphone said with this balance adjustable deposit, it will have fully complied with the court directions relating to the injunction.
The Grameenphone statement also appreciated the recent collaboration with the regulator and looks forward to continued cooperation to fully restore normal operations.
The Appellate Division’s order came in response to a review petition filed by Grameenphone earlier on January 26 to allow it to pay Taka 575 crore in twelve equal installments.
The review petition was filed after the apex court had directed Grameenphone on November 24 last year to pay Taka 2,000 crore to BTRC within three months (by February 23) against the demand of Taka 12,579.96 crore dug out by audit.
Grameenphone and Robi, the second largest mobile phone operator, were engaged in a virtual scuffle with BTRC over financial and technical audit to the operators’ book since their inception up to 2015.
Earlier, in another order, the Appellate Division asked Robi Axiata Limited to pay in equal five installments in five months Taka 138 crore out of BTRC’s demand amounting to Taka 867.23 crore.
Robi complied with the order paying on January 14 the first installment, 17 days ahead of the expiry of the deadline.
