, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion.
The letter's authenticity has not been verified and much remains unclear about his financial situation and apparent suicide. But the company's board said it is taking the letter's content seriously and will thoroughly investigate. "People are made to wait for 24 hours, 12 hours, 16 hours. This is not some kind of inquisition. It cannot be treated like an inquisition," she said."Today every business person is made out to be as if there is something very crooked about them."Since Modi came to power in 2014, he has made fighting fraud and tax evasion a top goal, saying he wanted to break previous cosy ties between policymakers and rich capitalists.
In particular, they are concerned that enforcement agencies increasingly go after loan defaulters without differentiating between genuine business failures and corrupt practices. Tax collectors are also under pressure, government sources familiar with the matter have said, declining to be identified as they were not authorised to speak on the matter.