Pune, 23rd September 2026: Police have registered a case against two chartered accountants and others in connection with alleged irregularities in overseas remittances worth ₹4,427.92 crore between the financial years 2022-23 and 2025-26. The investigation involves transactions linked to three firms that police suspect may be bogus or shell entities.
According to investigators, the three firms allegedly remitted a total of ₹4,427.92 crore to entities outside India over the four financial years. Police are examining whether the transactions were structured to bypass tax compliance requirements and facilitate the transfer of funds overseas.
The investigation is focused on Form 15CB certificates, which are used to determine the tax implications of certain payments made to non-residents. Such certificates are required in specified cases involving taxable payments to non-residents when the aggregate amount exceeds ₹5 lakh in a financial year.
Police allege that the two chartered accountants, who operate an accounting and tax consultancy firm in Pune, prepared and uploaded Form 15CB certificates without carrying out the required verification of the transactions and the companies involved.
Investigators also allege that the CAs were not authorised to issue the certificates. Despite this, they allegedly uploaded the documents on the Income Tax Department portal, allowing the three firms to proceed with overseas remittances.
The case came to light after Income Tax officer Tanmayee Desai approached the Yewalewadi police station and lodged a complaint on Sunday. The complaint raised concerns over irregularities in the preparation and use of Form 15CB certificates associated with the overseas transactions.
Based on the complaint, Pune Police registered a case under provisions of the Bharatiya Nyaya Sanhita, including Section 318(4) related to cheating, Section 234 concerning false certificates, Section 229 relating to false evidence and Section 3(5) concerning joint criminal liability.
No arrests have been made so far. The Economic Offences Wing is examining the transactions, the role of the chartered accountants and the three companies involved.