Anil blasts `biased' report but auditor stands firm

Two days after the government-appointed auditor's report that rapped Reliance Communications Ltd for inflating revenues to the stock exchanges and under-reporting revenues to the government came to light, chairman Anil Ambani on Thursday charged the audit firm, Parakh & Co, of professional misconduct and playing into the hands of corporate rivals.

In an audio-call, Ambani said he would approach the Institute of Chartered Accountants of India (ICAI) about the alleged professional misconduct of the auditor and the Securities and Exchange Board of India (Sebi) for a probe into the hammering of his group's stocks over the past few days.

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