Bombay High Court Grants Bail in Rs 263 Crore TDS Refund Fraud Case
2 hours agoCrime
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1 SourcesDubai, United Arab Emirates
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Bombay High Court Grants Bail in Rs 263 Crore TDS Refund Fraud Case

The Bombay High Court granted bail to Purushottam Chavan, husband of a senior IPS officer, and three others in a Rs 263 crore Income Tax TDS refund fraud case. Justice Shyam Chandak noted the trial is unlikely to conclude soon and the evidence is primarily documentary. The accused were granted bail under the Prevention of Money Laundering Act (PMLA) with conditions. The case involves allegations of fraudulent TDS refund orders generated by misusing senior login credentials, with funds allegedly routed through shell companies.

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