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Mangaluru: Fake bill scam in areca nut business worth Rs 62 crore unearthed

  •   Fri, Nov 25 2016 10:21:51 AM

Daijiworld Media Network – Mangaluru (RJP)

Mangaluru, Nov 25: Income Tax sleuths from Bengaluru and Mangaluru have unearthed a scam worth Rs 62 crore which involved bogus bills in areca nut business. The tax evaded was to the tune of Rs 1.24 crore.

The business with bogus bills had been going on from quite some time, but the income tax officials came to know about it very recently. They started the surveillance on the concerned firms for a week and then on November 23, they conducted raids in 45 locations in the state.

Bengaluru division of Income Tax conducted 20 raids in places including Siddapur, Yallapura ad Sirsi while Mangaluru division raided 25 places in Mangaluru, Puttur, B C Road and Beltangady.

Traders admit to wrongdoings

As per details available, the traders involved in the areca nut business with bogus bills, admitted to wrongdoings. Now they are required to pay penalty or face charges, said Income Tax Joint Commissioner Naniyappa.

It is revealed that areca nut consignments were sent to Gujarat with the bogus bills. In addition to traders, more than 10 middle men were involved in this business.
  

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Comment on this article

  • Kusuma Kumari G, Kodyadka

    Fri, Nov 25 2016

    Yes these fake transactions in Arecanuts were going on for many years. I am sure the income tax authorities will unearth it in no time and punish the guilty who evaded tax prevented the money going to government and spoiled the economy in this are I am sure the income tax department will rise to the occasion and punish the criminals

    DisAgree [4] Agree [3] Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Fri, Nov 25 2016

    The people involved in wrong doing need to be dealt as per the provisions of law and to be punished

    DisAgree [1] Agree [7] Reply Report Abuse

  • Mangalorean, Kudla

    Fri, Nov 25 2016

    Please probe all dealings of all areca business people of Mangalore. They are Masters in accounting And fraudulent dealings.

    DisAgree [3] Agree [20] Reply Report Abuse

  • Sathish vas, Mangalore/ Dubai

    Fri, Nov 25 2016

    Under the present Govt. Income Tax is going all out to bring out unaccounted money.Thanks to the Finance Ministery.

    DisAgree [14] Agree [26] Reply Report Abuse

  • Esther, Mumbai

    Fri, Nov 25 2016

    Oh, its okay.

    Gujarat becomes the hub for all illegal financial transactions big or small.
    62 cr is a small amount for the really imp people.

    DisAgree [12] Agree [26] Reply Report Abuse

  • iota, Mangalore

    Fri, Nov 25 2016

    62 crore.. that's all? :)

    DisAgree [7] Agree [14] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Nov 25 2016

    Gujarat showed them how to FAKE ...

    DisAgree [16] Agree [25] Reply Report Abuse


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Title: Mangaluru: Fake bill scam in areca nut business worth Rs 62 crore unearthed



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