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Aussie govt cuts $190-m unpaid tax claim for Oswals

business Updated: Jun 07, 2016 06:25 IST

MELBOURNE: Australian tax authorities on Monday slashed the claim of $190-million unpaid tax bill to just $32 million for Pankaj and Radhika Oswal, who have launched a $1.5-billion lawsuit against the ANZ bank. The Oswals are fighting the legal battle against ANZ for allegedly undervaluing shares of their fertiliser company to recoup millions in debts.

First Published: Jun 07, 2016 06:25 IST