Mumbai court denies bail to CA in Rs 200 crore case
In short
A Mumbai court has denied anticipatory bail to an 81-year-old chartered accountant in a Rs 200 crore foreign remittance case.
The court said custodial interrogation was needed. He is accused of issuing 163 Form 15CB certificates tied to alleged fraudulent remittances.
What the reporting says
A Mumbai court denied anticipatory bail to an 81-year-old chartered accountant in a Rs 200 crore foreign remittance case. The court cited the need for custodial interrogation, according to the reported order. The accountant is accused of issuing 163 Form 15CB certificates linked to alleged fraudulent remittances. The ruling keeps the case under criminal scrutiny and may allow investigators to question him in custody.
Why it matters
The Mumbai court denied anticipatory bail to an 81-year-old chartered accountant in a Rs 200 crore foreign remittance case. The reported reason was the need for custodial interrogation, and the order links the matter to 163 Form 15CB certificates. The decision increases legal pressure on the accused and keeps the tax and compliance case active.