Gandhidham ‘A’ Division Police have registered a case against nine individuals, including four persons who identified themselves as chartered accountants, in connection with alleged irregularities involving foreign remittances of approximately ₹804.30 crore.
The case was registered following a complaint submitted by an Income Tax Inspector on behalf of the Income Tax Department’s Investigation Wing, Ahmedabad. The complaint alleges that Form 15CB certificates were issued without adequate verification of the underlying financial records and transaction documents.
According to the allegations, the certificates enabled seven companies to obtain financial benefits in connection with overseas remittances, resulting in an alleged loss to the public exchequer.
The Income Tax Department had earlier conducted search and survey operations at the premises of accountants in Gandhidham under the provisions of the Income Tax Act. During the investigation, authorities allegedly found instances where Form 15CB certificates had been issued without examination of account books, contracts and other supporting documents.
The investigation further alleges that the concerned professionals did not directly verify the transactions with the actual directors or owners of the companies. Instead, the transactions were allegedly coordinated through intermediaries, with investigators suspecting the payment of unaccounted cash commissions.
Form 15CB is a certificate issued by a chartered accountant for specified foreign remittances, particularly where tax determination is required for payments to non-residents or foreign companies.
The FIR names Puneet Atul Dand, Nikhil Avdhesh Mishra, Rahul Sadhu, Karan Agrawal, Ravindra Shishupal Kela, Pravin Jain, Shailendra Shrivastav, Alok Mittal and Ajaykumar Abani as accused. CASansaar
Police have invoked provisions of the Bharatiya Nyaya Sanhita relating to alleged criminal breach of trust, cheating, forgery and criminal conspiracy. The investigation remains ongoing, with authorities examining the alleged financial gains, beneficiaries, company directors and other individuals who may have been involved in facilitating the remittances.