Auditor General questions legitimacy of telco license fees
29 Jan 2014, 3:35 PM
The Communication Authority of Maldives (CAM) did not examine annual financial statements of telecommunication companies before collecting license fees, the audit report of the former Ministry of Civil Aviation and Communication for 2009 has revealed.
The audit report (Dhivehi) made public this week noted that CAM was authorised under its agreement with telcos to check and review financial statements of the companies at any time.
However, there was no documentation showing that financial statements were scrutinised by CAM in order to calculate the license fees, the audit found.
“Therefore, we note that it cannot be verified whether the amount of money paid by telecommunication companies to the state as license fees was in truth the full amount owed by the parties,” the report stated.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
