Dishman Carbogen falls 10% amid report I-T dept found unaccounted money

On December 26, the stock of the pharmaceutical company hit an all-time low of Rs 71.

Shares of Dishman Carbogen Amcis were locked in 10 per cent lower circuit at Rs 76 on the BSE on Wednesday amid report that the income tax (I-T) department found unaccounted cash during a search-and-survey operation last month.

According to a report by The Times of India, the state income tax (I-T) department has claimed to have found a trail of unaccounted for cash of more than Rs 160 crore. The total cash trail in the case is Rs 327 crore, it added.

However, denying the news, JR Vyas, MD, Dishman Carbogen clarified to CNBC-TV18, “There has been