'Amrapali CFO gets Rs 50,000 salary a month, company clears Rs 2 cr as his income tax'
6 years, 2 months ago

'Amrapali CFO gets Rs 50,000 salary a month, company clears Rs 2 cr as his income tax'

India Today  

New Delhi, Oct 31 The Chief Financial Officer of the embattled Amrapali Group gets a monthly salary of Rs 50,000 a month but a sister company of the realty firm has paid Rs 2 crore as his income tax, the forensic auditors told the Supreme Court Wednesday. The top court was told that the Amrapali Group has even given a luxury car worth Rs 43 lakh to its CFO Chander Wadhwa. A bench of Justices Arun Mishra and U U Lalit was taken aback by the revelations made by forensic auditors appointed by it to look into the affairs of Amrapali Group, and grilled the CFO while asking him to furnish each and every details of the benefits taken from the firm by Thursday. On October 23, the CFO, who had earlier claimed "memory failure", was grilled by the apex court and had to answer searching questions prompting the court to observe "his memory was intact" Wadhwa had chosen to remain silent when he was quizzed by forensic auditors appointed by the court, saying he has lost his memory.

History of this topic

Amrapali's lawyers given flats and penthouses as fees: Forensic auditors to SC
5 years, 8 months ago
Amrapali Group committed first degree crime by cheating home buyers: SC
5 years, 8 months ago

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