business-india-news

CAG to audit accounts of private telcos

New Delhi, Jan 6 : The Delhi High Court on Monday ruled the Comptroller and Auditor General (CAG) can audit accounts of private telecom companies.


The high court rejected the petitions filed by Association of Unified Telecom Service Providers (AUSPI) and Cellular Operators Association of India (COAI) in this regard.

"Telecom companies said CAG cannot audit them as they are private ones. The Delhi High Court today disagreed and said it is under the jurisdiction of the CAG," said CAG lawyer Aman Lekhi.

This came after Delhi Chief Minister Arvind Kejriwal on Dec 31 met CAG Shashi Kant Sharma and discussed the issue of conducting the audit of three private power distribution companies, reports said.

The companies supply power in the national capital.

--IBNS (Posted on 06-01-2014)

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