banner_ad

CA STUDENT MISUSED STAMPS OF CHARTERED ACCOUNTANTS

Articleship 2023 views 15 replies

 

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)

In order to overcome such problems, ICAI must make the system foolproof.. This can be done by doing attestation of Audit Reports with digital signatures and bar code. Also 3D holograms on reports will prove fruitful. Computerisation is essential to be away from such frauds...

Thats such bad news Ayush....

Ayush where do u find it?

Here is the link Raj

https://www.indianexpress.com/news/Shahajahan-scam-may-run-into-crores--ICAI/592942/

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. 

 

I think the CA is a bigger Fool, how can he let people handle his seal without his supervision!!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details