INSUBCONTINENT EXCLUSIVE:
Mumbai: Registrar of Companies, Mumbai, has initiated inspection of the books of Jet Airways, almost eight months after the corporate
affairs ministry (MCA) directed it to probe allegations that the now grounded airline siphoned off money, two officials familiar with the
development said.
The RoC is likely to call the erstwhile directors of the airline, including its founder Naresh Goyal and his wife Anita,
if need be, in the course of the probe, one of them said
on condition of anonymity.
RoC, Mumbai, is not the first agency probing the airline
In September last year, income tax officials had carried out a survey at the business premises of the airline based on specific
information.
I-T investigation wing completed the probe recently, department insiders told ET.
They suspect there were some irregularities
in transactions between Jet Airways and its Dubai-based group companies that helped it evade taxes worth around Rs 650 crore.
The report is
with the assessment division, which will seek a reply from Jet and decide whether or not to raise a tax demand, the sources said
was delaying its announcement of its June quarter result, said the second official cited earlier
