Tag: MONEY LAUNDERING
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Summit Companies Face Tax Evasion Allegations of Tk1,112 Crore According to NBR
The NBR has accused two Summit companies of evading Tk1,112 crore in taxes from dividend transfers. Summit insists it has complied with tax laws and has not yet received formal notice. The investigations have revealed potential discrepancies in tax deductions for dividend payments, prompting the NBR to revoke prior exemptions and enforce tax collections retroactively,…
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Byju’s Executives Face US Court Sanctions Over Asset Depletion Issues
Byju’s executives Vinay Ravindra and Rajendran Vellapalath face possible financial sanctions from a U.S. court for allegedly stripping assets from the company’s U.S. subsidiaries, which are under bankruptcy protection. Judge John T. Dorsey is considering their role in this matter amid claims from creditors totaling over $1.2 billion. Byju’s, the beleaguered Indian technology firm, faces…