Dhaka, April 17 -- Grameenphone Ltd on Tuesday in a letter to the Bangladesh Telecommunication Regulatory Commission (BTRC) labelled the regulator's recent audit demand of Tk 12,579.95 crore as "unfounded and without any legal basis".

"The operator has requested that the demand be withdrawn and also requested discussions with a view to finding an amicable resolution," it said in a press release.

On April 2 last, BTRC issued a demand against GP of Tk 8,494.01 crore to the telecom regulator and Tk 4,085.94 crore to the National Board of Revenue (NBR) within a period of 10 working days.

The claim originated from an Information and Systems Audit, conducted by the JVCA of Toha Khan Zaman & Co, on GP's operations from inception in 1997 till ...