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  • 14 years ago
  • 837 दर्शनों की संख्या

Bribe to tax officer

Reported on June 8, 2011 from Mumbai , Maharashtra  ι Report #7780

An individual from the tax department demanded US$10,000 in order not to carry out an investigation into the company. the investigation, by the way, was unwarranted and there was nothing to hide. the company refused. next thing an investigation happened and various, spurious, and incorrect allegations have been made. the bribe has since been paid and the inquiry has been toned down significantly. however it was clear that without the bribe the process would have continued and a loophole in the law would have been found in order to charge the company $us100's of thousands of penaltys for incorrect declaration of tax. this was completely wrong but after advice from lawyers and accountants it was clear that the companys time and efforts would be taken up for years fighting the charges, which would also cost a lot of money.

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