Accounting regulator ICAI today said it has asked Reliance Communications (RCom), which is under attack for alleged fudging of accounts and evasion of licence fee, to provide financial details before it can initiate action against the teleco's auditors.    

A special audit is believed to have found that Anil Ambani group company RCom has overstated revenues to the tune of Rs 2,915 crore in 2007-08 and also evaded payment of Rs 315 crore in licence fee, a charge dismissed by the company.    

Also Read   Related Stories News Now - RCom under-reported revenues, says Trai audit - Intermediate trend reversal? - Wkly tech analyisis: Sensex may find support at 16,400 - ICAI seeks info on audit with foreign tie-ups - China Wireless in pact with RCom to sell handsets - Govt auditors submit special report on RCom

Also Read   Related Stories News Now - Markets open on a firm note - JK Cement hardens on robust Q4 earnings - Rupee strengthens to 55.05/dollar - Zylog Systems up 3% on strong Q4 earnings - Hotel Leela gains on fully redemption of bonds More

"It is only after that we can take any action against the auditor," he added.    

RCom spokesperson had said that "RCom is in full compliance of licence terms and conditions".

"All revenues for FY07 and FY08 are correctly reported in RCom's audited account. Alleged comments of special auditor do not reflect any under-reporting of revenue... Licence fees."    

The government has appointed special auditors to vet the books of mobile operators, including Tata Teleservices, Bharti Airtel, Vodafone and Idea. DoT is awaiting report from them and may take action after examining these reports.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets open on a firm note - JK Cement hardens on robust Q4 earnings - Rupee strengthens to 55.05/dollar - Zylog Systems up 3% on strong Q4 earnings - Hotel Leela gains on fully redemption of bonds

Tags : ICAI | Reliance Communication   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More