Wednesday 2 January 2013

Stock broker with $5b US bonds

Tax authorities have put this catch in Tamilnadu single handed equivalent to all catches in last two years. In India legal limit for such foreign asset possessions is $200000.

The case smacks of all sorts of linkages to it the stories regarding which may or may not be unfolded in future. The case is more interesting because the bonds can not be cashed to rupees in India.


No comments:

Post a Comment