7 hrs ago
CA Booked Over Alleged ₹4,804 Crore Foreign Remittances
Police in Mumbai are investigating a chartered accountant and three companies.
They are accused of helping send about ₹4,804 crore and ₹54 lakh abroad.
The accountant allegedly issued special tax certificates without checking important paperwork.
The paperwork was supposed to show that the money transfers were genuine and properly taxed.
Investigators say the companies could not be found at their registered addresses.
They also allegedly reported very low income while sending large amounts overseas.
The Income Tax Department suspects the companies may have been shell entities.
Police are now checking the documents, transactions and people connected to the case.
M.R.A. Marg Police registered a case against chartered accountant Ganesh Arun Patne and directors of three companies.
The case concerns alleged foreign remittances of approximately ₹4,804 crore and ₹54 lakh during 2022-23 to 2024-25.
The Income Tax Department alleges Patne issued Form 15CB certificates without verifying required accounts, agreements and supporting documents.
The three companies reportedly could not be found at their registered addresses and had declared very low income in tax returns.
Police are investigating the companies, financial transactions, allegedly fabricated bills of lading and the roles of other people.
- Who
- M.R.A. Marg Police, the Income Tax Department, chartered accountant Ganesh Arun Patne, directors of three companies and other alleged participants.
- What
- A criminal case over alleged issuance of unverified Form 15CB certificates linked to foreign remittances of approximately ₹4,804 crore and ₹54 lakh.
- Where
- Mumbai, with the case registered by M.R.A. Marg Police.
- When
- The alleged transactions relate to financial years 2022-23 through 2024-25; the case was reported on September 5, 2026.
- Why
- The Income Tax Department alleges that required documents were not verified, potentially enabling tax evasion and unlawful foreign remittances.
Key facts
- Case location
- M.R.A. Marg Police, Mumbai
- Reported date
- September 5, 2026
- Amount involved
- Approximately ₹4,804 crore and ₹54 lakh remitted abroad
- Relevant period
- Financial years 2022-23 to 2024-25
- Main accused
- Chartered accountant Ganesh Arun Patne
- Companies named
- Transitline Shipping Agencies Pvt. Ltd., Revelation Maritime Pvt. Ltd. and Everlight Shipping Pvt. Ltd.
- Alleged document issue
- Form 15CB certificates were allegedly issued without verifying books of accounts, agreements and other supporting documents
Sources
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