The Corporate Affairs Ministry is examining a report on the accounting practices of telecom major Reliance Communications, the Parliament was informed today. "...a communication regarding accounting practices of Reliance Communications Limited has been received in the Ministry. A report was called for in the matter from the Registrar of Companies (RoC), Mumbai, which is under examination," Corporate Affairs Minister Sachin Pilot said in a written reply to the Rajya Sabha.
Also read: RComm reports lower than estimated Q3 numbers He was responding to a query on whether the ministry has received any communication regarding accounting policies not in conformity with well-established practices being followed by Reliance Communications wherein huge amount of public money has been invested. Specific details about the matter involving the Anil Ambani group firm could not be immediately ascertained. To another query on whether the government has taken any decision to assign the audit of accounts of RCom to official auditor CAG to find out fraud upon the public trust reposed in that company, the Minister replied in the negative.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
