As tax authorities were trying to establish the genuineness of international bills of exchange with a face value of $5 billion, the Tamil Nadu businessman from whose house they were seized, on Saturday said he has not committed any offence in the creation of wealth.
"I have not earned a pie by any wrong means. You will come to know after the enquiry. That is the truth...", Ramalingam, a groundnut trader, told Sun news channel, a day after he was grilled by Income Tax authorities.
Ramalingam, whose residence was raided last week by tax sleuths who seized the documents with a face value of Rs 27,000 crore, said he had given complete information to the authorities.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app