Manpasand Beverages’ top officials arrested in Rs 40-crore fund

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Published: May 26, 2019 6:46:38 AM

The company has a market capitalisation of Rs 1,200 crore.

Manpasand Beverages’ MD, Abhishek Singh and CFO Paresh Thakkar .

The Vadodara Goods and Services Tax (GST) commissionerate said it arrested Manpasand Beverages’ MD, Abhishek Singh and CFO Paresh Thakkar for availing fraudulent credit through dummy companies that led to tax evasion of Rs 40 crore involving a turnover of Rs 300 crore. The company has a market capitalisation of Rs 1,200 crore.

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