Financial Daily from THE HINDU group of publications
Friday, Jul 19, 2002

Port Info

Group Sites

Home Page - Economic Offences
Industry & Economy - Economic Offences

Rs 1.1-cr cash unearthed in Xerox raids

Our Bureau

NEW DELHI, July 18

THE Income-Tax Department has claimed to have recovered Rs 1.1 crore in unaccounted cash during raids on Xerox Modicorp, besides unaccounted investments in shares and fixed deposits worth nearly Rs 1 crore.

According to official sources, while Rs 1.06 crore unacounted cash was recovered from the premises of one of the conduit companies, another Rs 3.5 lakh unaccounted cash was also recovered during the 24-hour search that ended this morning.

Send this article to Friends by E-Mail

Stories in this Section
STD rate cuts dent BSNL, VSNL revenues

Guarantee devolvement looms over State finances
UTI chief's extension cut
Ranbaxy's Q2 net spurts 190 pc — 3:5 bonus issue announced
Kalam elected President
Zee posts 31 pc rise in Q1 net profit
RBI cheers up Govt with Rs 10,300-cr dividend
Another lean year stares at tourism sector
Rs 1.1-cr cash unearthed in Xerox raids

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line