RCOM under CVC scanner for underreporting revenues
The Central Vigilance Commission (CVC), an anti-corruption organisation of the government, has ordered an investigation against some DoT officials, who have allegedly been involved in a case pertaining to underreporting of revenues by RCOM. According to the documents filed by RCOM with the Telecom Regulatory Authority of India, the company has paid revenue share on a gross revenue of Rs 158.12 billion, stated to be earned between June 2007 and June 2008.
However, on its website, RCOM has shown the revenue earned as Rs 183.32 billion, leading to non-payment of revenue share on Rs 35.2 billion. The CVC order comes within days of DoT sending a letter to RCOM, seeking an explanation for the operator's alleged move to show its non-voice revenues as those incurred from its internet service operations.
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