CBI probing revised tax returns fraud

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Several unknown employees of Infosys Technologies, a fake CA and officials of the I-T department of Bengaluru who participate in a fraud of “revised tax returns” are being investigated by the CBI.

According to the FIR, the scam was unearthed by the I-T department at the end of January. These people involved in the scam benefit employees of leading IT companies and submitted 1,010 revised tax returns using forged documents on behalf of 250 taxpayers from several private firms.

These reimbursements were illegally claimed during three years of evaluation.

The CBI stated that the false fictional accountant Nagesh Shastri was filing returns that allowed the system to be bypassed and obtained the approvals required by I-T officials and Infosys staff.

Shastri along with unknown officials of the CPC, the I-T department and unknown private persons submitted false information and presented the fraudulent returns claiming thus Rs 5 crore refunds.

The FIR reads: “The source information revealed that the amount was subsequently shared between Shastri and unknown officials from the I-T department, Infosys Technologies and others.”