Chartered accountants with close ties to I-T official under CBI lens
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The CBI has launched a preliminary enquiry against DGIT-Investigation (Mumbai) Suresh Jandhyala. In January, the CBI had busted a bribery scandal in the I-T department's investigation wing in Chennai and had arrested a joint commissioner along with two Chartered Accountants and a few others. The CBI learned that the CAs, on behalf of certain companies, would influence the I-T officers to settle cases related to suspicious transactions. During the probe, the bureau found that the CAs were in contact with Jandhyala since his posting in Chennai. Jandhyala took charge as DGIT-I in Mumbai last year.
The CBI gathered that one of the arrested Chartered Accountants had used his connections with Jandhyala to influence the I-T investigation related to a Rs 55 crore transaction by a Mumbai- based private company. It then collected the related documents from the I-T department for verification.
The investigation officer (IO) came to know that the amount was routed through shell companies, so tracing the entire link became imperative. However, Jandhyala allegedly pressurized the IO to file the final report in the matter and did not give him an opportunity to inquire about shell companies. On Jandhyala's instruction, the IO submitted the final report to his immediate senior officer in the department, said a source. "A probe of the shell companies was essential as it could have led them to a major money haul. But the IO was pressurized to leave the investigation half-way," he said.
The CBI recorded the IO's statement along with that of other officers related with the investigation and found sufficient evidence to start a preliminary enquiry against Jandhyala. The CBI alerted the income-tax authority about it last month. Jandhyala proceeded on leave a fortnight ago. He could not be reached for comment. (Economic Times)
The CBI gathered that one of the arrested Chartered Accountants had used his connections with Jandhyala to influence the I-T investigation related to a Rs 55 crore transaction by a Mumbai- based private company. It then collected the related documents from the I-T department for verification.
The investigation officer (IO) came to know that the amount was routed through shell companies, so tracing the entire link became imperative. However, Jandhyala allegedly pressurized the IO to file the final report in the matter and did not give him an opportunity to inquire about shell companies. On Jandhyala's instruction, the IO submitted the final report to his immediate senior officer in the department, said a source. "A probe of the shell companies was essential as it could have led them to a major money haul. But the IO was pressurized to leave the investigation half-way," he said.
The CBI recorded the IO's statement along with that of other officers related with the investigation and found sufficient evidence to start a preliminary enquiry against Jandhyala. The CBI alerted the income-tax authority about it last month. Jandhyala proceeded on leave a fortnight ago. He could not be reached for comment. (Economic Times)
Category : Chartered Accountant | Comments : 0 | Hits : 1695
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