The apparent suicide of India's coffee baron V.G. Siddhartha, under investi...
) founder disappeared and his body was later found floating in a river in southern India on Wednesday.
The prime minister’s office did not respond to requests for comment. India’s income tax department, part of the finance ministry, has said it acted as per the law in its investigation of Siddhartha and the coffee chain, and its probe was based on credible evidence of transactions done in a concealed manner.
“People are made to wait for 24 hours, 12 hours, 16 hours. This is not some kind of inquisition. It cannot be treated like an inquisition,” she said. “Today every business person is made out to be as if there is something very crooked about them.”Since Modi came to power in 2014, he has made fighting fraud and tax evasion a top goal, saying he wanted to break previous cosy ties between policymakers and rich capitalists.
In particular, they are concerned that enforcement agencies increasingly go after loan defaulters without differentiating between genuine business failures and corrupt practices. Tax collectors are also under pressure, government sources familiar with the matter have said, declining to be identified as they were not authorized to speak on the matter.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Review: Pour-Over Coffee Makers vs. Drip Coffee MakersPour-over coffee makers vs. drip coffee makers. Here's how they compare: ForbesFinds
Read more »
Indian coffee tycoon Siddhartha's body found floating in riverAuthorities in Southern India recovered the body of coffee baron V.G. Siddhartha...
Read more »
The body of India's missing 'coffee king' has been foundA fisherman found Coffee Day founder V.G. Siddhartha's body on Wednesday, two days after he told his driver he was going for a walk but didn't return.
Read more »
Indian coffee shop chain owner's body found in riverV.G.Siddhartha, 60, had left Bangalore on Monday and left his car near a bridge in Dakshina Kannada district in Karnataka state.
Read more »
Indian coffee tycoon VG Siddhartha's body found - policeVG Siddhartha, the founder of the Cafe Coffee Day chain that beat Starbucks at its own game in India was last seen on Monday night walking across a bridge in India's southern state of Karnataka.
Read more »