Archive · 11 Aug 2025
Surat CA Accused in Rs 18 Crore Corporate Fraud Case
A businessman in Surat, India, claims his chartered accountant (CA) and the CA's family cheated him.
The CA, Kailash Chandra Lohia, was supposed to manage the businessman's company, but he allegedly took over the business without permission.
This happened while the businessman was often traveling overseas.
The CA is accused of transferring shares and assets worth a lot of money (Rs 18.73 crore) to his own family members without the businessman's approval.
The police are now investigating the CA and his relatives for these actions, which include removing the businessman’s name from his own company and controlling the assets.
Surat police are investigating a corporate fraud case.
Businessman Vijay Shah accuses his CA and relatives of illegally taking control of his company.
The CA, Kailash Chandra Lohia, allegedly transferred shares and assets without Shah's consent.
The alleged fraud involves an estimated Rs 18.73 crore.
The accused have been booked on charges of cheating.
- Who
- Businessman Vijay Shah and CA Kailash Chandra Lohia with his relatives.
- What
- A corporate fraud case involving a CA and a businessman.
- When
- Investigation began August 11, 2025.
- Where
- Surat, India.
- Why
- The CA and his relatives are accused of illegally taking control of the businessman's company and its assets.
Vijay Shah's Allegations
Kailash Chandra Lohia's Defense
Unlawful Transfer of Shares
Vijay Shah's Allegations
CA Lohia and his relatives unlawfully took control of his company by transferring shares and assets without his knowledge or consent.
Kailash Chandra Lohia's Defense
This section is unavailable from the given articles.
- Accused
- Kailash Chandra Lohia and relatives
- Complainant
- Vijay Shah
- Location
- Surat, India
- Alleged Fraud Amount
- Rs 18.73 crore
- Charges
- Cheating