CBI Books Cadbury India For Alleged Tax Fraud
The CBI has booked Cadbury India Pvt. Ltd. (now Mondelez Foods Pvt. Ltd.) for alleged corruption and misrepresentation of facts to fraudulently avail area-based tax benefits in Baddi, Himachal Pradesh, officials said on Wednesday.
The FIR (First Information Report) is an outcome of a preliminary enquiry registered by the central investigation agency, which showed that the company 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," the Central Bureau of Investigation said.
"For availing the same, some members of the executive board of the company, along with key managers, collectively decided to manipulate records, engage intermediaries to route bribes and cover up all those evidence that had surfaced during the internal investigation," it alleged.