Blackmoney case: Court summons Anurag, Parag Dalmia as accused

Dalmia Group of Companies' Vice Chairman Anurag Dalmia and businessman Parag Dalmia were today summoned as accused by a Delhi court in separate blackmoney cases of alleged tax evasion lodged by the Income Tax (IT) Department.
Additional Chief Metropolitan Magistrate Pritam Singh took cognizance of the three separate complaints filed by the IT Department and directed Anurag and Parag Dalmia to appear before the court on March 10.
The complaint was filed by the department yesterday under sections 276 (c)(1) (wilful attempt to evade tax), 276(d) (failure to produce accounts and documents) and 277 (false statement in verification) of the IT Act.

As per the department, Parag is the director of Dalmia Infrastructure Pvt Ltd and Globus Estates Pvt Ltd.
Regarding 59-year-old Anurag, the department has filed two similar complaints for years 2006 and 2007, alleging that he was holding a foreign bank account but had not disclosed it in his income tax returns and there were undisclosed deposits in the account.
It claimed that the account maintained at HSBC Bank, Switzerland, was opened in November 2000 by Anurag but on being confronted, he denied having any such foreign account.

The complaint said the total balance in the bank account as on March 31, 2006 was over USD 62 lakh (Rs 27.9 crore) and USD 22 lakh (Rs 14.17 crore) as on March 31, 2007 in addition to the interest.

Regarding Parag, the department claimed he was maintaining a bank account with HSBC Bank, Geneva, which was opened in October, 1998 and the balance in the account was about USD 2.7 lakh which amounts to Rs 1.2 crore as on March 31, 2006 in addition to the interest.
When confronted, Parag refused to comment on the issue of having foreign bank account, the IT department's complaint alleged.