Govt to look into alleged financial frauds of Plantation

After the state government taking the lead in retrieving the lands in the illegal possession of plantation Majors – Harrisons Malayalam Ltd, the government is all set to initiate a probe into the alleged fraudulent financial dealings of the company, including tax evasion and diversion of funds.

The government is for constituting a committee comprising of legal and financial experts to look into the alleged financial frauds of the company. Diversion of funds, tax evasion, selling of land, accounting of money, loans availed from banks and tea subsidies will all come under the purview of the probe.

The government has already initiated action with respect to taking back the illegally held lands. Special Officer appointed for retrieving the lands M G Rajamanickam had already inspected the estates under the Company in Kollam district in the first week of this month. The other estates would also come under the scanner in the coming months.

Source: The new Indian express .......http://epaper.newindianexpress.com/175779/The-New-Indian-Express-Thiruvananthapuram/23-10-2013#page/4/1