Mumbai Court Denies Anticipatory Bail To 82-Year-Old CA In ₹2,575 Crore Foreign Remittance Fraud Case
Mumbai: In the Rs 2,575.83 crore foreign remittance fraud case, the sessions court has rejected the anticipatory bail plea of Bangalore resident and Chartered Accountant (CA) Seetaram Bhat. Bhat argued that he was 82, had practised for over five decades and operated from Bangalore. His Mumbai office was managed by staff who allegedly misused his digital signature by creating a forged ID. He said…
The Mumbai sessions court has denied anticipatory bail to 82-year-old Chartered Accountant Seetaram Bhat in a case involving a ₹2,575.83 crore foreign remittance fraud. Bhat alleged that his Mumbai office staff had misused his digital signature by creating a forged ID. He claimed his only mistake was inadequate supervision. The court found Bhat guilty of issuing Form 15CB certificates without verifying account books and agreements, violating RBI guidelines and Income Tax Rules.
The case originated from a September 4 complaint by the Income Tax authority to MRA Marg police against several firms and CAs, who allegedly established shell companies and forged Form 15CB certificates between 2021 and 2025 to evade taxes.
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