1 week ago
Jaipur CA Faces FIR Over ₹23,956 Crore Foreign Remittances
The tax department says a Jaipur accountant approved many certificates for money sent to other countries.
It says 3,168 certificates were connected to almost ₹23,956 crore in foreign remittances.
The transactions happened over three financial years.
Officials inspected the accountant’s office on August 18.
They say some paperwork may not have been properly checked.
The department also questioned the financial activities of people and organizations linked to the transfers.
Police have opened a case and will examine bank records and other documents.
No court has yet decided whether the allegations are true.
The Income Tax Department accused Jaipur chartered accountant Abhishek Jain of issuing 3,168 Form 15CB certificates without adequate verification.
The certificates allegedly supported foreign remittances totaling nearly ₹23,956 crore during financial years 2021-22 through 2023-24.
A Directorate of Investigation survey on August 18 examined Jain’s office in Jaipur’s Patrakar Colony and recovered related documents.
The complaint questioned remittances involving about 40 firms, entities and trusts described by the department as suspicious or allegedly bogus.
Police registered an FIR under Bharatiya Nyaya Sanhita provisions, while the allegations remain subject to investigation and legal proceedings.
- Who
- The Income Tax Department filed a complaint against chartered accountant Abhishek Jain.
- What
- An FIR was registered over alleged irregularities in 3,168 Form 15CB certificates linked to nearly ₹23,956 crore in foreign remittances.
- Where
- Jain’s office in Jaipur’s Patrakar Colony was inspected, and the FIR was filed at the Patrakar Colony police station.
- When
- The transactions covered financial years 2021-22, 2022-23 and 2023-24; a survey was conducted on August 18, with the year not specified.
- Why
- The department alleges that required documents and transaction details were not adequately examined before the certificates were issued.
Key facts
- Accused
- Chartered accountant Abhishek Jain
- Certificates under scrutiny
- 3,168 Form 15CB certificates
- Remittance value
- Nearly ₹23,956 crore
- Transaction period
- Financial years 2021-22 to 2023-24
- Entities mentioned
- Approximately 40 firms, entities and trusts
- Survey date
- August 18
- Legal provisions
- Sections 318(4), 234, 229 and 35 of the Bharatiya Nyaya Sanhita
Sources
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