IT Department Loses Case to Jail HSBC Swiss Bank Account Holder !

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This person’s name has figured in the HSBC Swiss bank account holders list published by Indian Express .¬†In the heat of Special Investigation Team set up , the department showed alacrity to prosecute the account holders and in the processes tried to use all the powers it had to put the person in jail. So , Mr Sarvan Gupta , promoter of Emmar MGF Group was given notice for prosecution¬†for non compliance of notices by the department .But alas, it was clearly shown by the counsel of Sri Gupta that the prosecution against his client was launched by the department without doing proper home-work. The result , Court , quashed the prosecution proceeding ! First round, maybe technical, goes against the department !

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