BJP president Nitin Gadkari`s company Purti Group, which is facing a government probe into allegations of dubious funding, tonight claimed it has been complying with the requirements of laws from time to time.
|Last Updated: Oct 26, 2012, 11:01 PM IST|Source: Bureau
New Delhi: BJP president Nitin Gadkari`s company Purti Group, which is facing a government probe into allegations of dubious funding, tonight claimed it has been complying with the requirements of laws from time to time.
A statement issued by the Purti Power & Sugar Ltd (PPSL) said it expected "fair investigation" from the Ministry of Corporate Affairs in such a way that "baseless allegations making rounds by media" should not prejudice the enquiry proceedings.
The Ministry has launched a probe into the affairs of PPSL. The Income Tax department has also launched investigations into the source of funds of the company.
Claiming that the company has been complying with the requirements of laws from time to time, the statement by Sudhir Dive, Managing Director of PPSL, however, said, whatever additional information or clarification that may be asked for shall be provided readily.
The statement said PPSL is a company working for the social cause and for the betterment of farmers of Vidarbha region and sentiments of millions of people are involved in it.
"We will trace the source of the funds of the companies including the 18 companies that invested in Purti," a top IT official told PTI in Mumbai on condition of anonymity yesterday.
The official said prima facie `shell` companies (inactive firms used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity) had pumped money into PPSL.
Sources in the IT department said a report would be submitted to the Central Board of Direct Taxes(CBDT) shortly.
"We have already started gathering documents relating to these companies," they said, adding officials in the investigation wing of the department in Mumbai and Pune were involved in the probe.
Officials of the investing companies would be summoned in due course and, if needed, Gadkari would also be asked to be present, the sources said.
PTI
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.