New Delhi: The government has initiated probes into alleged tax evasion by a number of top industrialists, politicians and others named in a list exposed by a recent global media investigative operation. Those being probed include Rajya Sabha member and chief of the ailing Kingfisher Airline, Vijay Mallya and industrialists and Lok Sabha member Vivekananda Kadam.
Finance minister P Chidambaram confirmed on Saturday that a probe had been ordered based on names unveiled by the International Consortium of Investigative Journalists (ICIJ) and its partner media houses.
“Yes. We have taken note of the names and inquiries have been put in motion in respect of the names that have been exposed,” Chidambaram told a news conference. He did not elaborate on the nature of the probe or which agencies were involved. A global journalistic investigation had exposed secret financial dealings of several politicians, industrialists and professionals in tax havens. Up to 612 Indians, including at least two parliamentarians and several industrialists, figured in the list.
Among Indians with accounts in the tax havens exposed by the ICIJ investigation were industrialists such as Ravikant Ruia, Teja Raju, Samir Modi, Chetan Burman, Abhey Kumar Oswal, Rahul Mammen Mappillai, Saurabh Mittal, Sonu Lalchand Mirchandani and Vinod Doshi.
Some are NRIs, and therefore could legitimately use tax havens, while others have denied opening accounts in British Virgin Islands or other tax havens.
On a query on the Cobrapost sting operation that alleged money laundering by top private lenders — ICICI Bank, Axis Bank and HDFC Bank — he said action would be taken if there is any violation of laws.
Courtesy:
TIMES NEWS NETWORK
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2013/04/07&PageLabel=17&EntityId=Ar01703&ViewMode=HTML
Finance minister P Chidambaram confirmed on Saturday that a probe had been ordered based on names unveiled by the International Consortium of Investigative Journalists (ICIJ) and its partner media houses.
Among Indians with accounts in the tax havens exposed by the ICIJ investigation were industrialists such as Ravikant Ruia, Teja Raju, Samir Modi, Chetan Burman, Abhey Kumar Oswal, Rahul Mammen Mappillai, Saurabh Mittal, Sonu Lalchand Mirchandani and Vinod Doshi.
Some are NRIs, and therefore could legitimately use tax havens, while others have denied opening accounts in British Virgin Islands or other tax havens.
On a query on the Cobrapost sting operation that alleged money laundering by top private lenders — ICICI Bank, Axis Bank and HDFC Bank — he said action would be taken if there is any violation of laws.
Courtesy:
TIMES NEWS NETWORK
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2013/04/07&PageLabel=17&EntityId=Ar01703&ViewMode=HTML
No comments:
Post a Comment