Daman Court summons Royal Distilleries Director for Rs 340 Crore Tax Evasion
The case originated from a complaint filed by the Central Bureau of Investigation (CBI) in 2010 against Royal Distilleries, alleging excise duty and VAT evasion amounting to Rs 340 crore.
Daman : Daman court has issued a summons to Suresh Khemani, the director of Royal Distilleries Private Limited in connection with a Rs 340 crore tax evasion complaint filed by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act sections 44 and 45.
The case originated from a complaint filed by the Central Bureau of Investigation (CBI) in 2010 against Royal Distilleries, alleging excise duty and VAT evasion amounting to Rs 340 crore. The CBI complaint invoked section 420 of the Indian Penal Code (IPC), as well as sections 120B (criminal conspiracy), 9 (taking gratification), and 13 (criminal misconduct) of the Prevention of Corruption Act.
Following the CBI complaint, the ED launched an investigation into the matter, which ultimately implicated the director of Royal Distilleries, Suresh Khemani. During a raid operation, the ED reportedly seized a significant amount of cash in Khemani’s possession, leading to the registration of a case under sections 44 and 45 of the Prevention of Money Laundering Act.
Confirming the complaint, a charge sheet was filed against Suresh Khemani. In light of these developments, Mr. Pattua Vainu, Assistant Director of the ED, appointed Nayan Sukhadwala as the Special Public Prosecutor for the case.
The Daman court has scheduled the process hearing against Suresh Khemani, director of Royal Distilleries Private Limited, for October 12, 2023. The summons issued to Khemani marks a significant development in the ongoing investigation into the alleged tax evasion case.