Rs. 176.95 Billion Irregularities Detected in Telecom Sector
Auditor General of Pakistan (AGP) has detected embezzlements, irregularities and mismanagement of more than Rs. 176.95 billion in telecommunication sector, said a report published in Business Recorder.
Here is the excerpt from Business Recorder:
Business Recorder said that Audit Report of the Accounts of Telecommunication sector for Audit year 2011-12 has revealed that the management of telecom entities remained weak, which resulted in non-recovery of a huge amount of Rs. 126.64 billion pointed out in eighteen paras.
The report says that violation of rules, contract agreements and irregular expenditure / payment was pointed out in sixty five cases amounting to Rs. 25.875 billion.
The report further revealed that lack of internal controls in utilization of resources, promotions, appointments, amendment in regulations & award of work amounting to Rs 4.95 billion was noted in 56 cases. The report says that extra allowances and financial benefits, leave encashment, bonus and irregular payment of TA/DA were highlighted in fourteen cases amounting to Rs. 114.607 million while irregular/wasteful/unjustified expenditure amounting to Rs 1.599 billion was noted in eleven cases.
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