https://www.taxtmi.com/news?id=56367 Fresh summons have been issued to a Malaysian telecom company and a former director over alleged irregularities in the grant of FIPB clearance to a Mauritius-based subsidiary in an Indian takeover. The agency has sought three months to serve summonses in Malaysia and relies on prior chargesheets and a challenged discharge order. Allegations assert the reported rupee inflow was understated to keep the proposal within ministerial approval limits rather than refer it to the Cabinet Committee, and that connected companies received alleged quid pro quo payments for consultancy and compliance services. en-us Sun, 21 Sep 2025 15:31:02 +0530 Sun, 21 Sep 2025 15:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56367 Fresh summons have been issued to a Malaysian telecom company and a former director over alleged irregularities in the grant of FIPB clearance to a Mauritius-based subsidiary in an Indian takeover. The agency has sought three months to serve summonses in Malaysia and relies on prior chargesheets and a challenged discharge order. Allegations assert the reported rupee inflow was understated to keep the proposal within ministerial approval limits rather than refer it to the Cabinet Committee, and that connected companies received alleged quid pro quo payments for consultancy and compliance services. News - Sun, 21 Sep 2025 15:31:02 +0530 https://www.taxtmi.com/news?id=56367