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CA STUDENT MISUSED STAMPS OF CHARTERED ACCOUNTANTS
In the wake of a chartered accountancy student’s arrest last week for allegedly forging documents using a CA’s stamps and seals, the Pune branch of the Institute of Chartered Accountants of India (ICAI), now suspects the accused may have misused stamps and seals of more chartered accountants in the city.
Shahajahan Khurshid Khan allegedly made duplicates of stamps and seals of CA Sunil Shankar Yelol with Yelol’s ICAI membership number for tax audit of M/S Jagtap Automobiles and duped Yelol of Rs 9.80 lakh.
The incident came to light when Jagtap Automobiles decided to hand over their audit work to another CA, Vijay Anpat. Following the CA protocol, Anpat called up Yelol to obtain his no-objection certificate about the handover. Yelol realised that Jagtap was not his client, but the stamps and seals carried his membership number.
According to the ICAI legal advisor, advocate VB Khatri, Khan may have used the stamps and seals for people who had applied for bank loans to get TDS refunds and so on.
“Khan’s police statement mentions that he has been operating for the last three years. He might have used the stamps on many other financial statements. We suspect that the fraud could run into crores of rupees,” Khatri said.
SB Zaware, member, central council of ICAI, said, “Considering that Khan may have misused stamps of other CAs too and to speed up the investigation in this matter, we appeal to all the chartered accountants in the city to contact the institute and record their statements with the police. Khan has been remanded in magisterial custody.
“We have been requesting the police to recover the duplicate stamps and seals used by Khan. We have also asked them to find the hard disk of Khan’s computer,” he added.
“The ICAI appeals that financial statements prepared with the help or advise of Shahajahan Khurshid Khan by any other person with original documents for verification be submitted to the chairman, (Pune Branch), ICAI, fifth floor, Amber chambers, 28-A, Budhwar Peth,” said a statement
Replies (15)
Thats such bad news Ayush....
Ayush where do u find it?
Very Very Sorry to hear this, Rather I would say that as mentioned above Shahajahan has completed the audit of a firm Jagtap Auto, which as I know is an automobile dealer & means would be having a handsome turnover, & if Shahajahan could successfully complete the entire audit ( even though it is certification forgery) he has completed it means he is smart,intelligent & fully knowledgable of the statutory laws & provisions, which I feel he would have used it Positively & correctly towards his studies & am sure he could have become a CA may be an attempt earlier or later, But where & how he utilised his intelligence was not proper, God give him the proper sense & attitude to improve himself in future & use his strength in a productive & constructive manner. here he has damaged himself irrepairably & also the said client would be in a bad shape by cancellation of audit certification & rejection of books & also some other people also for whom he has worked but are not yet come on record,
every one has a day !!!
I read this new in TImes of India around one month ago.
very sad ... to hear this .....
I'm not surprised.There are many CA students I see, who seem like half-criminals. It's not a particularly good crowd.
too bad... have to keep a check on this stuff... hope it doesnt happen again
That fool couldn't wait to become a CA.
Rather he should have connived with his CA and shared income 50-50.
I feel overall it may be wrong; but i am happy that at least one student ruined the chance of income of his CA
@ Everyone...
What people do after becoming ca's, this guy achieved before only. lolzzzzz........
Now we can understand why the students are required to read the subject "ETHICS" in ca curriculum.
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