Rs 4,427 Crore Transferred Abroad: Two Pune CAs Booked Over Alleged Tax Evasion
Kondhwa, 22nd September 2026: Yeolewadi police have registered a case against two chartered accountants for allegedly facilitating the transfer of ₹4,427.92 crore abroad through three companies and helping evade taxes. The alleged transactions took place between 2022 and 2026.
The accused have been identified as Ankush Kumar Sureshchand Bagrecha (34), a resident of Kondhwa, and Mohit Shivkumar Todi (33), a resident of Kondhwa Budruk. The case was registered following a complaint filed by Tanmaya Suhas Desai (31), a resident of Nigdi Pradhikaran.
According to the complaint, Bagrecha and Todi allegedly facilitated the transactions through their firm, M.S. Odi & Associates, with the assistance of other persons.
The complaint alleges that the accused prepared forged documents, audit reports and Form 15CB certificates required for certain overseas remittances. These certificates were allegedly issued without proper verification of documents related to the transactions involving the three companies.
The accused allegedly submitted the certificates to the Income Tax Department as genuine. The complaint further alleges that they prepared and uploaded Form 15CA on the Income Tax Department’s portal despite allegedly not being authorised to do so.
Police said the alleged use of these documents enabled the three companies to transfer large sums of money abroad and allegedly avoid tax liabilities arising from the transactions.
According to the complaint, a total of ₹4,427 crore, ₹92 lakh, ₹44 thousand and ₹408 was transferred abroad through the three companies between 2022 and 2026. The complainant has alleged that taxes were evaded on these transactions.
A case has been registered under Sections 318(4), 234, 229 and 3(5) of the Bharatiya Nyaya Sanhita (BNS).
Police are investigating the source of the funds, the bank accounts used for the transactions, the countries to which the money was transferred and the alleged role of the directors of the three companies.
The investigation is underway.
