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Volkswagen India, a subsidiary of Volkswagen AG (Xetra: VW), is facing a INR6bn penalty for 'undervaluing' cars.
The suitor made its new offer, which according to Reuters is valued at USD3.36bn, last week, after in January the target rejected its previous USD19.00 per share offer as undervaluing. It said that it would not further increase its offer, unless it was allowed to conduct private diligence.
Washington, Feb 9 ( ANI ): The Michael Jackson Estate is being pursued for 702 million dollars in unpaid taxes by the US' Internal Revenue Service after being accused of undervaluing assets following the pop legend's tragic death in 2009.
Former home secretary Alan Johnson, who worked as a postman as a teenager, told the newspaper: "There is a vast difference between pricing Royal Mail shares conservatively and undervaluing them by PS1 billion.
Constantin claims that the undervaluing derives from a $44m payment from the Ecclestone Family Trust to Gerhard Gribkowsky, the former chief risk officer at BayernLB.
Britain's minister responsible for the Overseas Territories, Henry Bellingham, said as much as $5 billion has gone missing from the Turks & Caicos Islands (TCI) treasury due to the previous elected government undervaluing land sold, reports Caribbean News Now (July 18, 2011).
The undervaluing yuan makes Chinese goods cheaper to buy in the US and