The special audit conducted on leading telecom operator Bharti Airtel at the instance of

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the government has found no fraud, though it talks of some irregularities as prevalent in the industry.

Though the report submitted to the DoT earlier this week raised certain revenue-specific queries involving an amount of Rs 98 crore in the multi-billion dollar company, it has given virtually a clean chit to the company's accounts.

When contacted the Sunil Mittal-promoted company said there was nothing wrong with the company's accounting practice.

"The special audit of Bharti Airtel's accounts, commissioned by the Department of Telecom(DoT), has not found any irregularity in the company's books or loss of revenue fee to the government on account of licence fee or spectrum fee," Manoj Kohli, CEO and Joint MD, Bharti Airtel, told PTI.

The report is part of the special audit ordered by the government on leading teleocm operators, including Anil Ambani-led Reliance Communications, Tata Teleservices of Tata Group, Birla's Idea Cellular and Vodafone Essar.

The first audit report submitted in October 2009 was conducted on RCOM wherein also the auditors had raised certain issues relating to loss of revenue to the exchequer. The auditors for other operators are likely to submit reports within a week.

"Bharti Airtel has always maintained the highest standards of corporate governance and has displayed the highest regard for the regulatory compliance. The findings of the special auditors appointed by the DoT have validated this belief," Kohli said.