Law catches up with Samir Modi, tax officials grill him over dubious transactions

New Delhi: Samir Modi, the CEO of Godfrey Phillips has come under the scanner of Income Tax sleuths over alleged irregularities and dubious transactions happening under his watch.

Yesterday, tax officials searched his office premises as well as farmhouses. He was questioned for over 24 hours over alleged irregularities in financial transactions.

Samir Modi recently hogged the attention over his acrimonious separation from wife Shivani, much of which spilled into public domain. Samir Modi aka Sammy also denied any financial compensation to wife, reports said.

Samir Modi is the younger brother of Lalit Modi, a fugitive, who fled India after crackdown by investigative agencies. Lalit Modi, currently based in London, is facing money laundering charges over alleged misappropriation of funds in the Indian Premier League (IPL).

As the tax officials raided Samir Modi’s offices and residence, he drew support from his fugitive brother Lalit Modi as the latter tweeted furiously against the tax raids.

Samir Modi took over as the CEO of Rs 3,000 crore Godfrey Phillips, following the demise of his father KK Modi. Legendary businessman KK Modi steered the group for over 5 decades.

Godfrey Phillips is India’s leading tobacco manufacturer and also recently expanded into home care chains.