Cadbury India Accused Of Corruption, Fraud , CBI Files Case
Cadbury India in association with the Central Excise authorities has availed excise duty of ₹ 241 crore for its unit for manufacturing 5 Star and Gemstone in Himachal Pradesh.
Cadbury India Private Limited (now known as Mondelez Foods Private Limited) has been accused of corruption by the Central Bureau of Investigation, which has registered a case against the company. The agency has accused Cadbury of corruption and misrepresenting facts, which defraud region-based tax benefits in Baddi, Himachal Pradesh. Sources also told NDTV that the agency conducted searches at the locations of the accused and recovered substandard material at five places in Haryana and Himachal Pradesh today.
Sources in the agency said that Cadbury India in association with the Central Excise authorities has availed excise duty of ₹ 241 crore for its unit for manufacturing 5 Star and Gemstone in Himachal Pradesh.
Sources said the alleged irregularities occurred between 2009 and 2011. The first information report was filed after the primary investigation. The agency said that the investigation shows that the company allegedly filed bribes, misrepresented facts and incorrectly recorded area-based exemption benefits (Central Excise and Income Tax) in Baddi, Himachal Pradesh. In order to take advantage of this, they have fully realized that they were not entitled to take advantage of the area. -Bed tax exemption benefit ".
The CBI said that in 2007, the company proposed to create a unit in Baddi for exemption from excise and income tax for an additional 10 years. But instead of building a separate unit, Cadbury India expanded the existing unit to take advantage of the tax exemption. The unit was built in 2005 for the construction of Bournvita.
The company obtained a license for a second unit in July 2010, four months after the cut-off date to receive the rebate. "The above facts have shown that the second unit of CIL did not fulfill the conditions laid down for availing the tax exemption but then by paying bribe to Central Excise officers Nirmal Singh and Jaspreet Kaur through intermediaries" Tax exemption of 241 crores " , "The CBI said.
The agency said, "To take advantage of this, some members of the company's executive board, together with key managers, decided to collectively manipulate the records, bribe the middlemen and cover all the evidence revealed during the internal investigation. did." Perceived.Meanwhile, Mondelez said the company settled "potentially lengthy litigation" through an amnesty scheme launched by the Indian government to settle tax litigation.
"In 2019, the company settled potentially lengthy litigation through the Sabka Biswas (Legacy Dispute Resolution) Scheme, 2019 - an amnesty scheme launched by the Government of India to settle tax litigation. This decision eliminates the prevailing Was in the interest of. Mondelez India said in a statement, "We enable us to focus on growing our business in India. We have not yet received any formal communication in this matter. "
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