Brief: Indiabulls Ventures says IT officials came to offices to check books

Dhani Services

13/07/2016 10:22

July 13 (Reuters) - Indiabulls Ventures Ltd  INDB.NS : 
 * Clarifies on news item income tax officials searching Indiabulls offices, 
offices of co's promoters 
 * Officials of the income tax department came to some of offices to check 
books, in the normal course 
 * Says co is extending all assistance to the team of officials 
 
 * Source text: [With reference to today's email received from the Exchange, we would like to state that this morning, officials of the Income Tax Department came to some of our offices to check our books, in the normal course. We are extending all assistance to the team of officials. We are confident that the officials will find our corporate practices and books satisfactory.  
 
At Indiabulls group, we follow the ethical and legal standards of the highest order in all our businesses and have robust institutional measures to monitor as well as implement corporate governance of the highest standards. We are confident that these on the spot check, in the normal course, will vindicate the same] 
 
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