Arindam Chaudhuri of IIPM arrested for Rs 23 crore tax evasion

Arindam Chaudhuri, Director of Indian Institute of Planning and Management (IIPM) was arrested by the Central Goods & Services Tax (CGST) South Delhi Commissionerate on Friday under Section 89 of the Finance Act which enlists penalties for evading payment of service tax.

Chaudhuri faces charges relating to an alleged undue claim of Central Value Added Tax (CENVAT) of



service tax credit of about Rs 23 crore.

Gurudas Malik Thakur, who is the Director of the company, has also been arrested under the same offences and sent to 14 days' judicial custody.

In 2015, IIPM went defunct after it was found that the institute was offering MBA degrees to students on false pretences. Arindam Chaudhuri is also a movie producer.