CBI Raids Cadbury India Citing Illegal Tax-Benefits Worth Rs241 Cr

Chocolate manufacturing firm Cadbury India, now known as Modelez Foods Pvt Ltd has been booked for allegedly availing area-based tax benefits worth Rs241 crore in Himachal Pradesh. According to the CBI complaint, the company officials misinterpreted facts, manipulated records and paid bribes in-order to benefit tax-exemption despite strict directions. Reportedly, CBI conducted raids at the official's premises and have disclosed Inspector of Central Excise Department Jaspreet Kaur and 12 other accused in the case.