Logo


'Bond billionaire' Ramalingam undergoes I-T interrogation

T M Ramalingam, arrested earlier this week after being found with $5 billion of what seem to be US treasury bonds, hasn’t filed an income tax (I-T) return for four years, one was told. The I-T department, which was questioning him till late tonight, says it has approached the US government in the case, as he’s told it he got the US bonds in exchange for gold bonds. “WE are conducting an extensive investigation of the findings. So far, the person (Ramalingam) has been giving different versions,” said S Murali Mohan, additional director, I-T. “As of now, ...