Quick Summary
In a shocking turn of events, Khemraj Dave, a humble tea-seller from Patan, has found himself entangled in a massive financial fraud, leading to an astonishing penalty notice from the Income Tax (IT) department. Dave has been slapped with a penalty of Rs 49 crore for unscrupulous transactions totali
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FAQ :
Khemraj Dave has been issued a penalty of Rs 49 crore by the Income Tax department.
The fraudulent transactions conducted in Khemraj Dave's name totalled Rs 34 crore.
Two brothers, Alpesh and Vipul Patel, who ran a brokerage business, committed the fraudulent transactions.
Dave provided his Aadhaar card, PAN card, and photographs to Alpesh Patel in 2014 when seeking help to obtain a PAN card. The brothers later used these documents without Dave's knowledge.
Khemraj Dave filed a complaint with the police, who have filed charges including breach of trust, cheating, forgery, and criminal conspiracy against the brothers, although they have not yet been apprehended.
The fraudulent transactions were recorded during the financial years 2014-15 and 2015-16.
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