Malawi Penalized Airtel Over Tax Fraud

Malawi&#039;s telecoms regulator has fined the local business of India&#039;s Bharti Airtel over $2.5m for failing to give customers airtime they were owed as part of a loyalty scheme.<br />The Competition and Fair Trade Commission launched an investigation after receiving complaints from customers.<br />It found that Airtel Malawi had stopped automatically crediting customers&#039; accounts with monthly bonuses - a move which enabled it to make a financial gain of about $2.5m.<br />Airtel Malawi managing director Charles Kamoto denied the charges levelled.