Cadbury India is facing allegations of tax exemption and corruption from the Central Bureau of Investigation for setting up a plant in Baddi, Himachal. A case is registered against the company’s officials by CBI but what’s surprising is the involvement of few government officials as well.
via: tv9hindi
According to sources, the company obtained the license few years ago for its Baddi plant through unfair means that saved tax worth 241 crores to the company. CBI said the officials took bribery and have also manipulated documents to get the tax exemptions on excise duty. The tax stealing was done since the plant came into operation in 2005.
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Suspecting the matter, CBI had conducted a preliminary inquiry on the Cadbury India at the request of the Central Vigilance Commission. Now, FIR has been lodged and a case of forgery as per section 420 is filed on the company following which the production and manufacturing of any products are restricted. In addition to this, CBI has also conducted a raid in five different locations in Haryana and HP after which the whole matter came into the spotlight.
The company’s vice president, former directors, and few government officials are found involved in the case of bribery and corruption. Around 12 people are arrested for fraud as per the reports.