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Jaipur CA faces FIR over Rs 23,956 Cr foreign remittances; 3,168 Form 15CB certificates under scrutiny

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Jaipur, Aug 25: A major financial irregularity case has surfaced in Jaipur after the Income Tax Department filed a complaint against Chartered Accountant Abhishek Jain, alleging that he issued 3,168 Form 15CB certificates without adequate documentation and verification.

According to the complaint, the certificates were used to facilitate foreign remittances totaling nearly Rs 23,956 crore over three financial years. The case came to light after the Income Tax Department’s Directorate of Investigation conducted a survey operation on August 18.

The office of CA Abhishek Jain in Jaipur’s Patrakar Colony area was also inspected during the operation. According to the department’s complaint, documents recovered during the survey contained details of Form 15CB certificates issued in connection with foreign remittances.

Following the survey, Mintu Lal Meena, Deputy Director of the Income Tax Department, filed a complaint at the Patrakar Colony police station, leading to the registration of an FIR against Jain.

The Income Tax Department has alleged that foreign remittances of approximately Rs 23,956 crore, were made on the basis of the 3,168 certificates. According to the FIR, the transactions took place during the financial years 2021-22, 2022-23 and 2023-24.

The department has also raised questions about the financial profiles of several individuals and entities linked to the transactions. The complaint alleges that some of them either had not filed income tax returns or reported little or no significant business activity or income, despite large sums being remitted abroad in their names.

The FIR alleges that the required documentation was not properly examined before the certificates were issued. Form 15CB certification for certain foreign payments involves examination of the underlying transaction and relevant tax and financial documents. The Income Tax Department has specifically raised questions over the alleged verification of agreements, account-related documents, Tax Residency Certificates and Form 10F.

The complaint alleges that required verification procedures were not adequately followed. The complaint alleges that foreign remittances were made through approximately 40 firms, entities and trusts that the department has described as suspicious or allegedly bogus.

The FIR cites transactions involving approximately Rs 8,788 crore in the name of one individual and around ₹9,775 crore in the name of another. The Income Tax Department has sought further investigation into these transactions and the entities involved.

However, these are allegations contained in the complaint and will have to be established through the investigation and any subsequent legal proceedings. CA Abhishek Jain has been named as the prime accused in the FIR.

The case invokes Sections 318(4), 234, 229 and 35 of the Bharatiya Nyaya Sanhita (BNS), according to the complaint. The police are expected to examine bank accounts, foreign remittance records, Form 15CB certificates and documents linked to the companies and entities involved.

Investigators will also look into the role of individuals who initiated the remittances, as well as any intermediaries or other persons who may have been involved.

The investigation will determine whether the alleged irregularities were limited to the issuance of certificates or were part of a larger financial network. At this stage, the allegations remain under investigation, and no final conclusion regarding the culpability of the accused can be drawn until the investigation and legal process are completed.

Crime

Andhra school chainsaw attack: CM Naidu vows toughest punishment, orders swift action

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Andhra Pradesh Chief Minister N. Chandrababu Naidu on Saturday expressed deep anguish over the brutal attack on a Class 10 girl student inside her classroom at Zilla Parishad High School in Raptadu of Anantapur district.

A Class 10 girl student is undergoing emergency medical treatment after being brutally attacked with a chainsaw inside her school premises in Raptadu, leaving her with severe injuries to her face, head, and throat, officials said.

The girl sustained deep wounds to her neck and abdomen, while her right hand was reportedly almost severed in the assault.

Another girl student, who attempted to intervene and save her, was also seriously injured during the attack. Both victims are currently battling for their lives at a private hospital.

The Chief Minister expressed shock over the incident and spoke to officials to enquire about her condition and the treatment being provided.

Personally monitoring her recovery, CM Naidu directed the medical team to accord her the highest priority and provide the best possible care.

Condemning the attack in the strongest terms, he said, “I am deeply shaken and enraged by the barbaric attack on a Class 10 student inside her classroom at Raptadu ZP High School. Attackers who target our young girls inside schools have no place in our society.”

“I have ordered the police to hunt down the monster responsible and deliver the harshest legal punishment swiftly,” he added.

Later, CM Naidu spoke to the student’s mother over the phone and offered her words of comfort and reassurance. He urged her to remain courageous and assured her that the accused would be punished severely, according to the Chief Minister’s Office.

The Chief Minister assured the family that the government would extend complete support and that every possible effort would be made to save the student’s life.

He also spoke to local MLA Paritala Sunitha regarding the medical treatment and assistance being provided to the injured student.

The Chief Minister also enquired about the health condition of another student who was also injured in the attack.

TDP National Working President Nara Lokesh also condemned the incident and said, “I am deeply anguished and shocked by the brutal attack on a Class 10 student inside her school in Rapthadu, Anantapur district.”

“Such an inhuman act against a young girl in a place meant for learning and safety is utterly reprehensible,” he said.

“The safety and dignity of every girl and woman are paramount. Such acts of brutality will not be tolerated,” Lokesh added.

Meanwhile, police have launched an extensive investigation into the incident and are yet to determine whether the accused man was known to the girl before the attack. Investigators are examining multiple aspects of the case as efforts continue to identify and apprehend the attacker.

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Crime

Haryana horror: 6-year-old girl assaulted by Class 3 student in Panchkula school with brick; family questions security lapse

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In a horrific incident that has shocked people in the country, a six-year-old student was allegedly brutally assaulted by a Class 3 student at a government school in Haryana’s Panchkula, officials said on Saturday.

The incident, that was captured on CCTVs present in the classroom where the deadly assault took place and went viral later, has raised serious concerns over the school’s security arrangements.

The little girl’s family has questioned how the alleged assault on her went unnoticed despite the presence of CCTV cameras in the classroom that were monitored from the principal’s office.

The family has alleged that the accused student lured the girl to the first floor of the school by telling her that her father had called her. It was there that the girl was allegedly attacked and left severely injured and unconscious.

In a disturbing account of the incident, the family claimed that the same eight-year-old student accused of assaulting the girl later led them to the spot where she was lying unconscious inside the school premises.

The girl’s uncle, Faisal, said that when the family reached the school and began searching for her, it was the accused boy who eventually took them to the place where she was lying.

“She went to school in the morning as usual. There were no issues or fights. When school got over, our hired auto driver went to pick her up, but she was not there. The school staff told him that the girl was missing. He returned home and informed my brother, who immediately went back to the school.

“When my brother reached there, he could not find her nearby. The boy who assaulted her told my brother that she was upstairs and lying there. When my brother went upstairs and saw her, he fainted. There was blood everywhere in the room,” Faisal told media.

Describing the severity of the alleged assault, he said the injuries inflicted on the girl were extremely disturbing and reflected the brutality of the attack.

“He has beaten her so mercilessly, not even an animal is treated with such cruelty,” he said.

Faisal also questioned the school’s arrangements for monitoring students, alleging that inadequate staff deployment and the absence of the principal during the relevant period may have contributed to the incident.

“According to the teachers, some staff members had been assigned government duty elsewhere. As a result, two to three classes had been combined under one teacher. The principal’s duty hours ended at 3 p.m., and the incident took place between 3 p.m. and 3:15 p.m. The CCTV cameras installed in the principal’s room provide a view of who is moving where and how,” he said.

“However, nobody was present in that room because the principal had already left. Had someone been sitting in the office and noticed the boy taking the girl upstairs, perhaps this incident would not have happened,” the victim’s uncle added.

The family further alleged that the girl was initially hit with a stone before being attacked with a flower pot and a brick.

According to the family’s account, the girl was eventually found lying unconscious, with blood spread across the room.

The family has also raised concerns over the functioning of the CCTV cameras, particularly those installed in the principal’s office, and questioned whether adequate monitoring arrangements were in place during school hours.

They have sought accountability from the school management over the security lapses and the assault.

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Crime

Tiger Shroff firing case: Bishnoi gang seeking to challenge Dawood’s dominance in Mumbai, say cops

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The Mumbai Crime Branch, investigating the attack on Bollywood actor Tiger Shroff, has reportedly uncovered details suggesting that the Lawrence Bishnoi gang was attempting to establish its dominance in Mumbai by challenging the long-standing influence and fear associated with Dawood Ibrahim and the D-Company.

According to the Mumbai Police’s investigation, the gang’s alleged objective behind its continued activities in Mumbai was to establish a one-sided dominance in the city. Police sources said the gang was seeking to create an atmosphere of fear reminiscent of the underworld’s influence in Mumbai during the 1990s.

A senior Mumbai Police official said the gang intended to recreate the kind of terror once associated with the underworld, when a single phone call could send businessmen, builders and film personalities into a state of panic.

The Crime Branch believes that establishing such dominance could enable the gang to expand its alleged extortion network and demand large sums of money from builders and members of the Bollywood industry.

Police have so far arrested 12 people in connection with the firing at Tiger Shroff’s car. During the investigation, the Crime Branch reportedly recovered several sensitive audio clips in which alleged underworld figures are mentioned.

The audio recordings are currently undergoing forensic examination as investigators attempt to establish the extent of the gang’s network and identify those allegedly involved in planning and executing criminal activities.

Investigating agencies believe that the Bishnoi gang was attempting to gain greater control over Mumbai’s criminal network by directly challenging the city’s traditional underworld syndicates.

The police have launched a crackdown as part of efforts to dismantle the alleged network and prevent further criminal activities. Investigators are also examining the recovered evidence to determine whether the firing incident was part of a broader strategy to spread fear and establish the gang’s presence in Mumbai.

Further investigation into the case is underway.

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