CBI lens on Infosys staff, I-T officials and fake CA for fraud
The CBI is investigating a “revised tax returns” fraud involving several unknown employees of Infosys Technologies, officials from the I-T department and one fake CA from Bengaluru. This scam, benefiting employees of bellwether IT companies, was unearthed by the I-T department in late January According to the FIR, a copy of which is with TOI, some I-T officials and a few staffers of Infosys connived with the fake CA — now disowned by the Institute of Chartered Accountants of India (ICAI) — and filed 1,010 revised tax returns using forged documents in the names of 250 taxpayers of various private firms, during three assessment years and claimed refunds illegally. Infosys is the vendor for the I-T department to process e-returns. While fake chartered accountant Nagesh Shastri was filin...