Andhra Pradesh Directorate of Revenue Intelligence imposes penalties of ₹34 crore on firms involved in ‘FiberNet scam’
APSDRI imposes ₹34cr penalty on companies involved in A.P. Fibernet scam for tax evasion. Funds of ₹10.81cr diverted to related firms. Viplav Kumar Valluri, MD of M/s Fastlane, stated that they had not paid taxes as APSFL had not paid invoice amounts. NCLT admitted application and M/s Fastlane is now…
The Hindu ·