Chosen firms to go on auditing Grameenphone, Banglalink

The Appellate Division of the Supreme Court on Thursday stayed for six weeks a High Court verdict that had declared illegal the appointment of two firms of chartered accountants to audit the financial operations of Grameenphone and Banglalink.

The eight-member full bench of the Appellate Division, chaired by Chief Justice Md Muzammel Hossain, also directed the Bangladesh Telecommunications Regulatory Commission to file a regular petition seeking permission to appeal against the High Court verdict.

The court passed the order after hearing a petition filed by the BTRC, seeking stay of the HC verdict.

In March the BTRC appointed two firms of chartered accountants to audit the two mobile operators after short-listing six audit firms.

Later KM Alam and Co, one of the short-listed firms that did not get the job, challenged the bidding process for its alleged anomalies.

After hearing a writ petition filed by the company, the High Court on August 18 declared the appointment of the two audit firms illegal.

Khandaker Reza-E-Raquib, BTRC's counsel, told reporters that the two audit firms could continue to audit Grameenphone and Banglalink after the Supreme Court order.

Source : New Age

No comments:

Post a Comment