Chandamama: From mythology tales to Swiss bank stash
Updated : March 11, 2019 09:48 AM IST
Mumbai-based Geodesic Ltd, which acquired the iconic magazine in 2007, and its three directors are being probed by the Indian authorities for alleged money laundering and other financial irregularities and Switzerland has agreed to provide "administrative assistance" regarding their accounts in Swiss banks, which broadly means sharing of information with India.
In a decision dated March 5, Switzerland's Federal Tax Administration (FTA) has decided to grant "administrative assistance to India in respect of Geodesic Ltd and its three directors -- Prashant Sharad Mulekar, Pankajkumar Onkar Srivastava and Kiran Kulkarni, according to the official documents.
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