In a shocking case of identity theft and financial fraud, a resident of Dombivli has alleged that his personal documents were misused to create a bogus firm, which has racked up a tax liability of ₹2.9 crore, police officials confirmed on Friday.
The complainant recently approached Vishnunagar Police Station after discovering the massive tax burden linked to a company he had no knowledge of. According to the police, the fraudulent activities reportedly took place over a seven-year period between 2017 and 2024.
Given that the crime occurred before the implementation of the Bharatiya Nyaya Sanhita in July 2024, the police have registered the case under Section 420 of the Indian Penal Code (IPC), which deals with cheating and dishonestly inducing the delivery of property.
"We have launched a full-fledged investigation to trace the unidentified accused," said a senior police officer. "We are working closely with relevant departments to obtain the firm's registration and tax records to determine how the scam was orchestrated and who benefited from it."
The incident has once again raised concerns about the misuse of KYC documents, such as PAN and Aadhaar and the need for stronger identity verification mechanisms during business registrations and tax filings.
Authorities urge citizens to remain vigilant about the use of their personal information and to regularly check their income tax and GST profiles for any suspicious activity.
CAclubindia
