Quick Summary
Aspecial court under the Prevention of Money Laundering Act (PMLA) has dismissed the bail plea of Purushottam Chavan, husband of an IPS officer, who has been in judicial custody for over a year in connection with a massive Rs 263 crore income tax refund scam. Chavan, aged 52, had sought bail citing
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
The PMLA court denied bail because it found no compelling reason to justify release, stating that Chavan's health issues could be managed by the jail's Chief Medical Officer or at JJ Hospital. The court also emphasised the seriousness of the economic offence.
Purushottam Chavan is allegedly involved in a Rs 263 crore fraudulent income tax refund scam, where funds were diverted to accounts controlled by his associates.
Tanaji Adhikari, a senior tax assistant, allegedly used the login credentials of senior officials to fraudulently process refunds and divert funds to associates, including Purushottam Chavan.
The Enforcement Directorate claims that Rs 12 crore was paid to Purushottam Chavan, who allegedly promised to use his influence to assist in the ongoing ED probe.
The court underscored the gravity of the alleged crime, observing that it is a serious economic offence affecting the socio-economic condition of society and the financial integrity of the nation.
Yes, the Enforcement Directorate is investigating the scam, and Rajesh Batreja is named as an associate. Two police constables attached to the IPS officer have reportedly turned witnesses.
CAclubindia
