Telenor Asia, however, in October last year sent a notice to the President Abdul Hamid seeking arbitration for the audit dispute after the Bangladesh Telecommunication Regulatory Commission demanded Tk12,579 crore following a audit in the company in 2016. “Telenor Group has sent an invitation letter for dialogue, and not a legal notice. Later BTRC following a court order conducted a second audit and come up with the latest claim in 2016. As Telenor Asia, which is the primary investor of GP and based in Singapore, it was able to send a notice under a BIT. Supreme Court lawyer Aneek R Haque told Dhaka Tribune that Telenor had no right to sent such a notice to the president.

Source: Dhaka Tribune January 15, 2020 18:45 UTC