Infosys, Income Tax officials under CBI scanner for 'role' in I-T fraud

An email sent to Infosys did not elicit any response while the company executives could not be reached over the phone for their comments on this issue

The Central Bureau of Investigation is probing an Income-Tax fraud allegedly involving several Infosys employees, officials of the Income Tax Department-managed Centralised Processing Centre (CPC) in Bengaluru and a fake Chartered Accountant believed to be the kingpin. The fraud is alleged to have caused the department a loss of Rs 50 million by way of refunds against forged documents.

According to the CBI FIR, which was reviewed by Business Standard, Nagesh Shastri, a partner with one SSK Associates and a professed Chartered Accountant, had filed nearly 1,010 fraudulent returns involving around 250 private sector employees. He allegedly did this