CVC Detects Rs 1,000 cr Tax Evasion in CWG Projects


New Delhi, Nov 4, 2012 (PTI): The Central Vigilance Commission has detected tax evasion of about Rs 1,000 crore by government departments and private companies in carrying out Commonwealth Games-related works.

Vigilance Commissioner R Srikumar said Rs 1,000 crore evasion was detected with the help of a multi-jurisdiction investigation platform, comprising officers from tax and other authorities, developed by CVC to look into the CWG scam.

"In the CVC, we have been trying this (multi jurisdiction investigation platform) out in our direct inquiries into the CWG scam where 37 departments spent over Rs 15,000 crore in 9,000 publicly funded projects," he said.

"There have been many inquiries into this and each inquiry and investigation has proceeded to its own conclusions. One unique thing that was noticed in CVC's multi-jurisdictional inquiry was that a huge amount of tax evasion was indulged in by the many players in the scam.

"Many of these taxes, like Income Tax, Service Tax, VAT, etc. were to be deducted at source. The multi jurisdictional platform enabled us to flag tax evasion to the tune of nearly Rs 1,000 crore," Srikumar told PTI.

He said by bringing in the tax agencies to work closely and verify these possible tax evasions, after issuing notices to the concerned, the tax authorities have confirmed the receipt of nearly Rs 100 crore of taxes so far.

"Thus the taxes evaded are being collected and the authorities are confident of resolving most of the Rs 1,000 crore rupees tax evasion flagged by the CVC," the VC said.

The Vigilance Commissioner said the probity watchdog is also coming out with a report on Games related irregularities mainly concerning alleged tax evasions.

"We are working on the report. It will come out," he said. The CVC is looking into a total of 53 CWG graft cases involving various government civic and construction agencies.

Of the total projects, 28 were still in different stages of investigation, 13 were sent to CBI for further probe and closure report was filed in 12 others.

The Commission has first found alleged financial and managerial lapses in several projects related to the mega sporting extravaganza held in the national capital from October 3-14, 2010.

Taking note of alleged irregularities, Prime Minister Manmohan Singh had in October 2010 announced establishment of a high-level committee under the chairmanship of former Comptroller and Auditor General V K Shunglu to look into the allegations of corruption.

The committee had submitted six reports pointing out acts of alleged omission and commission by officials and lack of oversight by the government. The reports are being examined by a Group of Ministers headed by Defence Minister A K Antony.

  

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Comment on this article

  • Benedict Noronha, Udupi

    Mon, Nov 05 2012

    CVC is working well. They must use their search light on judiciary also. It is murmured that setting is going on and people are losing confidency on the Judiciary. Murmurring is not simply. It is said there cannot be smoke without fire.

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  • jeevan, mangalore

    Sun, Nov 04 2012

    Only 1000cr loot by UPA, we salute.....

    DisAgree [3] Agree [1] Reply Report Abuse

  • Msaleem, Kuwait

    Sun, Nov 04 2012


    My life experience suggest HONESTY CAUSES LITTLE HARDSHIP BUT PAYS IN PLENTY TO ENTIRE NATION AND MANKIND.

    SEE lKive picture of Honesty VS dishonesty ONE IS FACING DISGRACE AND HUMILIATION When his Rs.50 lakh becomes Rs.500 crore in a short period of time, He is called Robert Vadra and many more corrupt industrialist favoured by morally bankcrupt politicuans. God is sending signals like sandy storm to behave properly and humanly otherwise victims of corruption will rise someday and cheats will face the face of dictator Masoulni and will be hanged Upside down disgrafully or face the fate of Saddam, Gaddafi and Husni Mubarak.

    In the same land there is An honest man who lost billions but remained honest and faced hardship got Debts in Billions for flying his plane in LOSS MAKING ROUTES. and now earned symapathis of Banks and Aviation Minister to reform Bankrupcy laws to safe quard industry and help to write off his Debts in Billions which he incured under false hope of recovery someday. HIS Rs.500 crore have become Rs.50 lakh, He is still called the KING DR VIJAY MALLYA of Kingfisher Airlines. LET US SALUTE HIS COURAGE AND SUPPORT HIM Because He is 1000 time better than who robbed Nations resouces, increased inflation and made life of poor people very miserable.

    If wisdom prevails and tax culture is promoted in India. Simply ASK NSSO to teach filling of Tax return forms honestly as sacred Service to Nation. Then learn to claim back refunds easily. To harass NRI some fools need that NRI must claim back refunds thru CA. These fools have no Brain to tell All Banks Not to deduct at souce if NRI submit affidavit like Form 16 that my income in India is less than exempted limits. MY refunds of Rs.158000 is in the hands of deaf dumb and blinds. If I had this money in my hand I will reinvest in Kingfisher Airlines.

    When Satyam collapsed due to corruption share fell to RS.11. then recovered to Rs 120 with good management. Please ask SEBI to help

    DisAgree [1] Agree [4] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Sun, Nov 04 2012

    One more scam but this time it is only 1,000 Crores only, that also just Tax evading!!!!!!!!!!! Surprisingly our respected PM only ordered the enquiry by CAG but since it is adverse report to UPA & Delhi Governments, I think he will discuss the report with “Madam & Yuvaraaj” first & then he may order CBI inquiry to know how come CVC or CAG got the information of Tax evasion

    DisAgree [5] Agree [17] Reply Report Abuse


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