The reporter said it in the news.
The story is:"in June 2016, someone told police that certain companies were evading tax on sandalwood. Then police pretended to be business men, contacted with all these companies. In Dec 2016, police raid these companies and caught these guys. "
That's it.
Wood industry is a tricky industry, nobody would honestly claim full GST. If they get caught, they pay a fine. I think this time these companies go too far.
QIN Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
