Bangladesh Telecommunications Company Limited (BTCL) has been unable to collect Tk 316 crore in dues from various companies, including Tk 79.64 crore from Teletalk, Tk 50 crore from Bangladesh Cable Shilpa, Tk 12.81 crore from government entities, and Tk 174 crore from defunct companies, falsely reporting it as “current asset” in its financial statements. The 2023 audit report by the Comptroller and Auditor General (CAG) revealed BTCL’s lack of realistic or legal efforts to recover these amounts. Since becoming a public limited company in 2008, BTCL has failed to deposit Tk 2,258.76 crore into the state treasury due to mismanagement. Despite ongoing projects worth Tk 3,152 crore and several completed projects totaling Tk 5,200 crore since 2009, BTCL has struggled financially, only recording profits in fiscal years 2012-13, 2021-22, and 2022-23, with Tk 5 crore, Tk 6.7 crore, and Tk 14 crore respectively. The company last posted a significant profit of Tk 106.1 crore in fiscal year 2009-10.
BIZDATAINSIGHTS
Bizdata Insights is a Market Insights, Data Intelligence and Business Advisory Platform
Our Solutions
Menu
Newsletter
Sign up for our newsletter now by entering your e-mail address and never miss out on the latest news and updates from our team!