India

CBI Accuses Cadbury India Of Corruption, Fraud, Files Case

By
OB Bureau

New Delhi: The Central Bureau of Investigation (CBI) has accused Cadbury India Private Limited, which is now known as Mondelez Foods Private Limited, of corruption and has filed a case against the company.

The central agency has alleged that Cadbury misrepresented facts to fraudulently avail area-based tax benefits in Baddi, Himachal Pradesh.

According to NDTV’s sources, the agency conducted searches at the accused’s premises in five locations in Haryana and Himachal Pradesh on Wednesday, and unearthed incriminating materials.

Cadbury India, conspiring with the officials of Central Excise, had availed excise benefits of about ₹ 241 crore for its unit for manufacturing 5 Star and Gems in Himachal Pradesh. The alleged irregularities, according to NDTV’s sources, took place from 2009 to 2011.

Following a preliminary inquiry, an FIR was filed. The agency said investigations show that Cadbury India allegedly “paid bribes, misrepresented facts and manipulated records to fraudulently avail area-based exemption benefits (Central Excise and Income Tax) in Baddi, Himachal Pradesh, knowing fully well that they were not entitled to avail area-based tax exemption benefits.”

ALSO READ: Recruitment Scam: CBI Books 17 Army Officers

OB Bureau

Recent Posts

Man Stabs Brother-In-Law To Death In Odisha’s Sundargarh

Sundargarh: Police arrested a man for allegedly killing his brother-in-law for torturing his sister in…

March 28, 2024

Heavyweight Collaboration: In A First, Reliance Picks Up 26% Stake In Adani Power Project

Mumbai: This is what you call a heavyweight collaboration. In a first-of-its-kind collaboration between rival…

March 28, 2024

PDS Queues Longer, Market Price Of Rice Higher As Kashmir Ditches Paddy For Apple Crop, Urbanisation

Mohammad Aatif Ammad Kanth Anantnag (Jammu & Kashmir): On a chilly winter morning, Irshad Bhat…

March 28, 2024

Odisha Polls: Former Chitrakonda MLA Dambaru Sisa Resigns From BJD

Bhubaneswar: The former MLA of BJD from Chitrakonda in Odisha's Malkangiri district, Dambaru Sisa, on…

March 28, 2024

LS Polls: JMM Nominates Anjani Soren For Odisha’s Mayurbhanj Seat

Bhubaneswar: The Jharkhand Mukti Morcha (JMM) has announced Anjani Soren as its candidate for Lok…

March 28, 2024

IESA Signs MoU With Bhubaneswar’s BCKIC To Work In Critical Minerals & Energy Sector

Bhubaneswar: India Energy Storage Alliance (IESA) signed a Memorandum of Understanding with Bhubaneswar City Knowledge…

March 28, 2024

Vigilance Nabs OSD In Odisha’s Nuapada Collectorate While Taking Bribe Of Rs 30,000

Bhubaneswar: Odisha Vigilance on Thursday apprehended an officer in the collectorate of Nuapada district while…

March 28, 2024

Odisha Javelin Star Kishore Jena Set For Diamond League Debut; Neeraj Chopra Among Strong Field

Bhubaneswar: Odisha’s star javelin thrower Kishore Jena had a stellar season in 2023. And he’s…

March 28, 2024