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India investigating Cadbury local unit in tax case-minister

Source : REUTERS
Last Updated: Thu, Nov 22, 2012 08:15 hrs
A grocery shop owner counts rupees in the western Indian city of Ahmedabad

India is investigating Cadbury's local unit for possible tax evasion, a junior finance minister said on Thursday, in a probe involving about 2 billion rupees ($36.29 million).

"Two cases of tax evasion by Cadbury India Limited has been detected by the Directorate General of Central Excise Intelligence during the years 2009-10 to 2012-13, up to 31st October, 2012," S.S. Palanimanickam told parliament in a written reply.

The latest of the two cases involves central excise duty, the minister said.

Cadbury's India unit is controlled by Mondelez International Inc. A Cadbury spokesman could not immediately be reached for comment.

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