Quick Summary
The Enforcement Directorate (ED) has arrested three persons, including a former Income Tax (I-T) official, in connection with a Rs 263 crore Tax Deducted at Source (TDS) refund fraud. The accused are Tanaji Mandal Adhikari, Bhushan Patil, and Rajesh Shetty. Adhikari was a senior tax assistant in
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FAQ :
The Enforcement Directorate (ED) has arrested three individuals: Tanaji Mandal Adhikari, a former Income Tax official, along with Bhushan Patil and Rajesh Shetty.
The total amount involved in the fraudulent TDS refunds is £263 crore.
A former IT official allegedly used his login credentials to generate fake TDS refunds and then colluded with two others to transfer the proceeds into various bank accounts, including those of related individuals and shell companies.
The investigation revealed that the fraud was carried out between November 2019 and November 2020.
The ED has provisionally attached assets worth £166 crore in connection with the case.
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