CA TRAPPED BY CBI

The Central BureauOf Investigation has arrested an Income TaxOfficer and a Chartered Accountantfor demanding and accepting a bribe of Rs. Five Lakhs from the Complainant.

A case was registered by CBI against an Income Tax
Officer, Ward 4(3), UnityBuilding, Bangalore
and a Chartered Accountant Lakshmi Complex, K.R Road, Bangalore
u/s 120-B r/w 7 & 8 of PC Act 1988. It was alleged that the accused persons
had demanded an illegal gratification of Rs 20 lakhs for settling the income tax liabilities of the complainant. CBI laid a trap and
both the accused persons were arrested while accepting a bribe of Rs 5 lakhs as
part of the Rs 20 lakhs demanded by them.

Searches were conducted at the residential premises of the accused persons which
yielded a recovery of incriminating documents including
investment details from the ITO and cash of Rs 50 lakhs(approx) along with incriminating
documents from the CA. Incriminating documents are being scrutinized.

The arrested accused persons are being produced today before the Special Judge
for CBI cases, Bangalore.

Further investigation is in progress.