1 week ago
Latur chartered accountant arrested over alleged multi-crore foreign remittances
Police in Maharashtra arrested chartered accountant Shyam Kalani.
They allege that he helped send hundreds of crores of rupees to other countries.
Police say he issued 1,810 certificates for these transfers.
They allege that he did not properly check the documents behind the payments.
The money allegedly moved through 16 companies described as shell or non-existent companies.
A case was registered on August 21 after an Income Tax Department survey.
A court in Udgir ordered Kalani to remain in police custody for nine days.
The Latur Police Economic Offences Wing is now investigating the case.
Chartered accountant Shyam Kalani was arrested in Latur district over alleged foreign remittances involving hundreds of crores.
Police allege he issued 1,810 Form 15CB certificates without verifying the required underlying documents.
The certificates allegedly facilitated transfers through 16 alleged non-existent or shell companies.
The case covers remittances made between April 1, 2022, and March 31, 2026, according to the FIR.
A court in Udgir remanded Kalani to nine days of police custody, while the investigation was transferred to the Latur Police Economic Offences Wing.
- Who
- Chartered accountant Shyam Kalani was arrested by Latur Police.
- What
- He is accused of issuing certificates that allegedly enabled large foreign remittances through 16 shell or non-existent companies.
- Where
- Latur district and Udgir, Maharashtra; the alleged funds were transferred abroad.
- When
- The case was registered on August 21, and his arrest was reported on August 25; the alleged remittances span April 1, 2022, to March 31, 2026.
- Why
- Police allege that Kalani issued 1,810 Form 15CB certificates without verifying the underlying documents.
Key facts
- Accused
- Shyam Kalani, a chartered accountant from Latur district
- Certificates
- 1,810 Form 15CB certificates allegedly issued
- Companies involved
- 16 alleged shell or non-existent companies
- Alleged amount
- Hundreds of crores transferred abroad
- Case registered
- August 21, following findings from an Income Tax Department survey
- Court order
- Nine days of police custody ordered by a court in Udgir
- Investigation agency
- Economic Offences Wing of Latur Police
Sources
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