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IRD steps up to investigate controversial deal of Ncell partner Axiata Group
December 4, 2023 08:00 am
KATHMANDU, Dec 4: The Inland Revenue Department (IRD) has started an investigation over Axiata's exit from Ncell on suspicion of possible evasion of taxes by the company.
Make a thorough probe into Axiata Group's Controversial Ncell exit
December 4, 2023 07:37 am
The Inland Revenue Department (IRD) has initiated an investigation into Axiata Group's exit from Ncell, amid suspicion of potential tax evasion. The controversy surrounds Axiata's sale of 80 percent stakes in Ncell to Spectrlite UK for a seemingly undervalued amount of US$ 50 million (Rs 6.5 billion).
Axiata to sell its stakes in Ncell to Spectrlite UK for US$50 million
December 1, 2023 20:30 pm
KATHMANDU, Dec 1: Malaysian telecommunications and digital conglomerate Axiata Group on Friday announced it will sell 80 percent of its stakes in Ncell to Spectrlite UK.
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