Dubbing as 'biased' the special audit report alleging overstatement of revenues and evasion of licence fee by Reliance Communications, its chairman Anil Ambani said on Thursday corporate rivals were behind the 'vicious campaign' against his group company.
Announcing that he would take up the issue with the telecom ministry, he demanded a probe by market regulator Securities and Exchange Board of India into the hammering of Reliance Communications scrip in the last few days.
While stating that RCom was on its own declaring all the information relating to revenues to the government and telecom regulator Trai, Ambani, under attack for alleged overstatement of revenue by about Rs 3,000 crore (Rs 30 billion) and evasion of licence fee of over Rs 300 crore (Rs 3 billion), said that he would pay the government whatever legitimately is due.
The accounting controversy broke out after the leakage of a report by Parakh & Co, a government appointed auditor, earlier this week leading to RCom shares slumping sharply.
Image: Anil Ambani
