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February 2009

Chartered Accountant held in I-T graft case

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
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37. Chartered Accountant held in I-T graft case


The anti-corruption bureau (ACB) of the Central Bureau of
Investigation (CBI) arrested chartered accountant Rakesh Makhija in connection
with the corruption case involving Additional Commissioner of Income-tax R. K.
Gupta. According to the CBI, Gupta had invested Rs.50 lakh in benami properties
through Makhija, an associate of another chartered accountant, Chandan Parmar.
Earlier, Parmar had been under the scanner of the Delhi CBI in connection with
another corruption case, involving A. K. Gautam, Commissioner of Income-tax.

His laptop has also been seized. Gupta, an Indian Revenue
Officer of the 1994 batch, was arrested on charges of accepting a bribe of Rs.4
lakh from a tax consultant for clearing a pending assessment.

Gupta had demanded Rs.10 lakh and asked the assessee to pay
the remaining Rs.6 lakh the next day, officials said. Later, the Central Bureau
of Investigation found another Rs.8 lakh stashed away in his office drawer.

Joint Director of CBI Rishi Raj Singh told that Gupta had
investments running into over Rs.3 crore. “We have identified five flats
belonging to him and further investigations are on,’’ Singh added.

(Source : The Times of India, 24-12-2008)

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