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Thane: CA granted anticipatory bail amid allegations of massive fund transfer
Updated On: 05 March, 2024 07:10 AM IST | Mumbai | Vinod Kumar Menon
Lack of evidence leads to bail with stringent conditions in high-profile case
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Seeking relief, the CA approached the sessions court, Thane, for anticipatory bail. Representation Pic
The additional sessions judge, Thane recently granted anticipatory bail to a chartered accountant accused by the Thane cyber police of aiding those arrested in a payment gateway fraud case exceeding Rs 16,180 crore. The prosecution asserts that the co-accused, through employees, obtained a certificate under section 15-CA/CB (this certificate is required for payments made to non-residents, not being a company, or to a foreign company which are taxable and if the payment exceeds Rs 5 Lakh during the financial year) from the CA, who allegedly forwarded it to other chartered accountants without proper verification.
These accountants then prepared 15CB certificates, facilitating the transfer of a substantial amount to foreign countries like Hong Kong, China, and Singapore. The defence advocate challenged the prosecution`s claims during the argument, leading to the court granting anticipatory bail. Additionally, the defence strongly criticised the investigating police for allegedly harassing innocent professionals and labeled their actions as a misuse of power.
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