Law catches up with Samir Modi, tax officers grill him over doubtful transactions

New Delhi: Samir Modi, the CEO of Godfrey Phillips has come underneath the scanner of Income Tax sleuths over alleged irregularities and doubtful transactions taking place underneath his watch.
Yesterday, tax officers searched his workplace premises in addition to farmhouses. He was questioned for over 24 hours over alleged irregularities in monetary transactions.
Samir Modi not too long ago hogged the eye over his acrimonious separation from spouse Shivani, a lot of which spilled into public area. Samir Modi aka Sammy additionally denied any monetary compensation to spouse, experiences stated.
Samir Modi is the youthful brother of Lalit Modi, a fugitive, who fled India after crackdown by investigative businesses. Lalit Modi, at present primarily based in London, is dealing with cash laundering costs over alleged misappropriation of funds within the Indian Premier League (IPL).
As the tax officers raided Samir Modi’s places of work and residence, he drew assist from his fugitive brother Lalit Modi because the latter tweeted furiously in opposition to the tax raids.

Samir Modi took over because the CEO of Rs 3,000 crore Godfrey Phillips, following the demise of his father KK Modi. Legendary businessman KK Modi steered the group for over 5 many years.
Godfrey Phillips is India’s main tobacco producer and in addition not too long ago expanded into residence care chains.