Central Vigilance Commission probes Rs 580 cr evasion by Cadbury

CVC sources said on Tuesday the anti-corruption watchdog is also looking into the role of central and state government officials who might have facilitated the alleged evasion.

An investigation has been started by the Commission in the case, they said, adding some documents have also been sought from the company. 

It is the second big case being probed by the CVC involving a foreign private company after that of the US-retail giant WalMart that has come under the CVC scanner. 

A Mondelez India spokesperson said they would cooperate with all the authorities concerned. “A compliant and ethical corporate culture, which includes adhering to laws and industry regulations in all jurisdictions in which we do business, is integral to our success. We firmly believe that the decision to claim excise tax benefit is valid and that our executives acted in good faith and within the law in the decision to claim excise benefit in respect of our plant in Baddi,” he said.