Income Tax department set to book Nirav Modi under the black money law
Updated : June 14, 2018 04:10 PM IST
Those found with undisclosed foreign assets or income can face rigorous imprisonment and fine.
The department has approached tax authorities in various places such as the Bahamas, Cyprus, Singapore, Jersey and Mauritius.
Nirav Modi is reportedly a settlor and beneficiary of Monte Cristo ventures Ltd.
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