Australian company Getax under probe in India and Australia for money laundering
16 Sep 2016

A money laundering and bribery investigation in Australia has reached India. Several bank transfers and over two dozen accounts operated by an Australian company Getax, owned by Indian-origin Guptas, are being probed by the Australian Federal Police (AFP). In India, the Central Board of Direct Taxes (CBDT) is looking at funds transfers from Singapore to bank accounts in India.

Getax’s core business is trading in phosphate. Its clients include Indian companies. Getax is being looked at by AFP investigators for corruption in Nauru, an island nation in the South Pacific. Nauru is the world’s third smallest nation-state, and it uses the Australian dollar as its currency. It’s rich in phosphate.

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