Manpasand Bevereges' MD and CFO arrested on allegations of GST fraud
- by -Aarushi-Sinha
- May 27, 2019 17:57
The Commissioner of Central GST and Customs raided at the premises of the company on 23rd. moreover an inquiry was conducted on 24th of May at GST Bhavan Office in Vadodara. Mr.Abhishek Singh, the Managing Director and Mr. Paresh Thakkar, the Cheif Financial Officer of Manpasand Bevereges were found guilty of GST fraud and were arrested then and there.
Though, the company is contestiong the allegations yet there is a little chance of but it is expected to go in vain. It is reported by IANS that dummy units were produced commintting tax evasion of about 30 crores. Manpasand Bevereges manufactured juices under the brand name Aprilla, Siznal, Mango Sip, X- Cite etc. Reportedly, Manasand Bevereges' shares closed at Rs.110 on 24th May, 2019 at BSE.