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June 2022

FROM THE PRESIDENT

By Abhay Mehta
President
Reading Time 7 mins
Dear BCAS Family,

I want to commence this message with a very sensitive topic which recently is on the mind of each professional. I am referring to the arrest of two chartered accountants by CGST Gurugram, in connection with an alleged INR 15 crores GST refund scam. A group of 60-70 chartered accountants who had gone to the office of CGST at Gurugram to inquire the reasons of arrest of fellow colleagues, were also illegally confined by locking the doors to the exits of the premises for more than 5 hours. They were ill-treated with abusive language as well as physically man handled. Recently, it has been seen around the country that chartered accountant professionals are projected in some of the cases of financial frauds as the main culprits. However, there is lot of leniency with the actual perpetrators, co-conspirators and beneficiaries of such frauds. The professionals are made scape goats and are becoming soft targets for initiating inquiries and making arrests and projecting them as the perpetrators of such crimes even before the same has been proved in the courts of law.

I do not vouch for any professional who is involved in the wrong doings, but to proceed with inquiries and judicial actions only against chartered accountants and leaving the other stakeholders who are also party to such crimes conveys to the world at large that it is our community only which is perpetrating