Fake Chartered Accountant arrested for duping businessman of Rs 13 crore in Golaghat

Sarupathar: In a joint operation led by the Barpathar Police and Guwahati Police, a man was arrested in Barpathar under Dhansiri Subdivision in Golaghat district for posing as Chartered Accountant (CA) and allegedly cheating a businessman of Rs 13 crore recently.

The accused has been identified as Sandeep Khokharia.

The police also seized a fake challan worth Rs 70, 15,130 from his possession.

As per sources, Khokharia allegedly cheated businessman Pradeep Borbora of Rs 13 crore on the pretext of filing income tax for the victim.

Borbora hails from Barpathar town in Golaghat district. Khokharia also submitted a fake receipt of the Income Tax (IT) department to the victim.

The incident came to light when Borbora contacted the IT department. He immediately lodged an FIR in the Barpathar Police Station and based on the FIR the police arrested Sandeep Khokharia.

It may also be mentioned that the Institute of Chartered Accountants of India (ICAI) on the month April 2019 had come across a Press Release issued by Central Bureau of Investigation (CBI), Guwahati wherein it has been mentioned that two of the accused involved in a criminal ease i.e Ramesh Goenka and Amit Goenka are Chartered, Accountant.

Ongoing through the aforesaid Press Release, ICAI, being the regulator of the profession of Chartered Accountant verified its records and found that both the accused are not Chartered Accountants as their name do not appear in the Register of members maintained by the ICAI.

The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India.

It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India.

It recommends the accounting standards to be followed by companies in India to the National Advisory Committee on Accounting Standards (NACAS). and sets the accounting standards to be followed by other types of organizations. ICAI is solely responsible for setting the Standards on Auditing (SAs) to be followed in the audit of financial statements in India. It also issues other technical standards like Standards on Internal Audit (SIA), Corporate Affairs Standards (CAS) etc. to be followed by practicing Chartered Accountants. It works closely with the Government of India, Reserve Bank of India and the Securities and Exchange Board of India in formulating and enforcing such standards.

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