The probe into the bribery scandal of Xerox ModiCorp, begun last August, is still hanging fire with the chartered accountant appointed for the purpose expected to seek yet another extension beyond March to submit a report
Document management company Xerox Modicorp Ltd has launched its eight international products -- six laser network printers and two multi-function devices -- in India.
The year-long probe into Xerox Modicorp bribery scandal by an independent auditor appears nowhere near the end, with examination of two former managing directors of the company being carried out.
The DCA has outsourced a record 17-18 inspections and is examining which other cases can be handled by outsiders under section 209 A of the Companies Act.
Department of Company Affairs said on Friday that the independent auditor appointed to examine the Xerox ModiCorp bribery scandal is expected to submit its report shortly.
The chartered accountant appointed to investigate the bribery scandal of Xerox ModiCorp appears to have reached a dead end, with no evidence so far of any bribes having been paid by company officials to the government and has sought time till March.
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