Quick Summary
The Delhi High Court has exonerated a senior income tax official who was facing graft charges lodged by the Central Bureau of Investigation (CBI). The charges were related to the alleged solicitation of bribes from Ulhas Prabhakar Khaire, the prime accused in the high-profile Stock Guru case involving a multi-crore financial scam. The CBI had accused the income tax officer of accepting illegal gratification amounting to Rs 55-60 crore from Ulhas Prabhakar Khaire. The alleged understanding was
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FAQ :
The income tax officer was accused of soliciting and accepting a bribe from Ulhas Prabhakar Khaire, the prime accused in the 'Stock Guru' financial scam, to settle his case.
The CBI presented evidence including a video recording made by Khaire using a spy camera and an audio clip related to the alleged bribery transaction.
The defence argued that the evidence, particularly the spy camera recordings, was inadmissible due to issues with data transfer, modification, manipulation, and the spy watch being found empty according to a CFSL report.
The Delhi High Court discharged the income tax officer, ruling that the material collected by the CBI was insufficient to frame charges and that the recordings did not establish a demand for gratification.
The 'Stock Guru' case involves Ulhas Prabhakar Khaire, accused of defrauding investors of approximately Rs 1,100 crore through false promises and seminars.
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