Illegal foreign remittances: IT dept widens probe, files FIR against 7
An FIR under various provisions of BNS relating to cheating, issuing or signing false certificates, criminal conspiracy and forgery was registered at Tajganj police station on a complaint by the department’s investigation wing following searches at premises linked to the accused in Agra, Ghaziabad and Sikar on Aug 18.
Police said the investigation was continuing to ascertain the alleged illicit gains and identify the ultimate beneficiaries, company directors, and others who may have acted as facilitators.
Agra : Income tax (IT) department has widened its probe into the alleged illegal transfer of nearly Rs 1,600 crore, with seven people, including four chartered accountants (CAs), under investigation for allegedly facilitating foreign remittances without proper verification, sources in the department told TOI on Wednesday.
The transactions could also come under scrutiny under the Prevention of Money Laundering Act and the Foreign Exchange Management Act, sources said. The searches were conducted by the Agra Investigation Unit under the principal director of income tax (investigation), Kanpur, and under the supervision of the Director General of Income Tax (DGIT), Lucknow. The Enforcement Directorate may examine the matter as the investigation progresses.