Radha Timblo, Managing Director of Timblo Pvt Ltd
Goa mining baron Radha Timblo, who is one of the eight people named by the government in Supreme Court in connection with untaxed or black money in foreign accounts, has been summoned by the Enforcement Directorate on November 12.
Mrs Timblo is the Managing Director of Goa-based mining company Timblo Pvt Ltd. Four of her family members, all directors of the company, were also named in the affidavit that was filed by the Centre in the Supreme Court late last month. They are being prosecuted for alleged tax evasion as money was found in their foreign accounts that was unaccounted for, the government has said.
This money, the Enforcement Directorate suspects, is linked to illegal mining in Goa for which Radha Timblo is already under investigation. A panel that investigated mining firms had said in its report last year that for two financial years, Mrs Timblo had under-invoiced the company's exports by nearly Rs 72 crore.
"Timblo did plead guilty in one case but there are other matters which we have only begun investigating," a source in one of agencies investigating black money had said. "That's what we are focusing on now."
Earlier, Mrs Timblo told NDTV, "My conscience is very clear. We have paid all taxes and have no undisclosed bank accounts in India or abroad."