After the Kerala government initiating the process of retrieving
lands in the illegal possession of Harrisons Malayalam Ltd, the government is
all set to constitute a high level panel for looking into the alleged financial fraud of the
company, including diversion of funds, tax evasion and availing of loans from
banks.
The high level team will be under an
official not below the rank of chief secretary. The team will also comprise of
officials from Revenue, Finance, Tax, Survey and Registration departments.
The government decided to go ahead with
unearthing the alleged financial fraud as it involves crores of revenue that is due to the
government.
All financial dealings of
the company that has a direct impact on the resumption procedures of the
government with respect to the lands in their illegal possession will come
under the probe.
Source: The New Indian Express
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