- Actor and philanthropist Sonu Sood has issued a statement following an investigation into his finances
- It accused the actor of violating the Foreign Contribution Regulation Act (FCRA) while allocating donations from abroad
- The CBDT revealed that the charity foundation established by the actor was incorporated on July 21,2020 and has gathered nearly Rs 18.94 crore donation from April 1, 2021
Actor and philanthropist Sonu Sood has issued a statement following an investigation into his finances. The Central Board of Direct Tax alleged that the actor and his associates had evaded tax of nearly Rs 20 crore.
Furthermore, it accused the actor of violating the Foreign Contribution Regulation Act (FCRA) while allocating donations from abroad. The actor was at the forefront of a fund-raising operation during the COVID-19 pandemic. He asserted that he had raised money for those seeking medical assistance.
On Monday, Sonu Sood shared a statement on social media stating, “You don’t always have to tell your side of the story. Time will. I have pledged myself to the service of the people of India with all my strength and heart. Every rupee in my foundation is awaiting its turn to save a precious life and reach the needy. In addition, on many occasions, I have encouraged brands to donate my endorsement fees to humanitarian causes too, which keeps us going.”
The Philanthropist and actor further added, “I have been busy attending to a few guests, hence was unable to be at your service, for the last four days. Here I am back again in all humility. At your humble service, for life.” He concluded by expressing, “Kar bhala, ho bhala. Ant bhale ka bhala (A good deed always comes around). My journey continues. Jai Hind.”
The CBDT revealed that the charity foundation established by the actor was incorporated on July 21, 2020 and has gathered nearly Rs 18.94 crore donations from April 1, 2021. Among these Rs 18.94 crore, it is alleged that the foundation has spent Rs 1.9 crore for multiple relief works and the balance of 17 crores has been found lying “unutilized” in its bank account.
According to an official statement, a fund of around Rs 2.1 crore has also been raised by the charity foundation from overseas donors through a crowdfunding platform which is “in violation” of FCRA regulations.
The Central Board of Direct Taxes cited in a statement, “During the course of search at the premises of the actor and his associates, incriminating evidence pertaining to tax evacuation has been found. The main modus operandi followed by the actor had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities.”