|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
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.