Thursday, September 01, 2016

CSR donations to Indian NGO by European defence, aviation firms under scanner: Report

New Delhi: Income Tax Department's investigation into aviation consultant Deepak Talwar has yielded documents showing that Talwar's NGO received donations amounting to Rs 143 crore from European missile manufacturer MBDA and the erstwhile EADS, now the Airbus Group, under the head of corporate social responsibility (CSR) funds, reported The Indian Express on Thursday.

The NGO, Advantage India, received these payments from the two defence and aviation majors in several instalments between June 2012 and April 2015, added the report.
Incidentally, according to the report, Talwar's name figures in connection with former Central Bureau of Investigation director Ranjit Sinha and the Nira Radia tapes.
The documents and data were recovered during a search on Talwar's premises on June 22.
According to the report, both companies have confirmed that CSR funds were given to the NGO in question. They also said that they had appointed “oversight committees” in the country to ensure that the funds were being used properly.
Income Tax officials have told The Indian Express that their investigations have unearthed possible “fake” expenses incurred by the NGO.

The expenses include purchase of medicine for Rs 32 crore, purchase of Mobile Medical Units (MMUs) for around Rs 25 crore and large sums spent on exercise books and stationery.
01/09/16 Business Standard
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