INSUBCONTINENT EXCLUSIVE:
Amrapali CFO Chander Wadhwa got luxury car, had a liability of Rs 2 crore as income tax.NEW DELHI: 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
What were the benefits you have got from the company You have to furnish the details by tomorrow about your exact role in the company and
Amrapali)Wadhwa, who was grilled twice in as many hearings, said that he was given a car to commute by the company in 2017 and only got
professional charges besides the salary
Don't even try to make mockery of the court
You will be put behind bars, if you do not disclose correct facts to this court
We cannot go on interrogating you like this
from Amrapali Group and to which company it was transferred
You also have to disclose on whose authorisation, the money was transferred
had earlier claimed "memory failure", was grilled by the apex court and had to answer searching questions prompting the court to observe
and in what capacity he was taken on board
He was also asked about his role in the company and how he used to work.During questioning with the forensic auditors on October 12, Wadhwa
had chosen to remain silent, saying he does not remember anything and has suffered a memory loss
of a batch of petitions filed by homebuyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali
group.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
