81-year-old Bengaluru CA Seetaram Bhat issues 163 Form 15CB certificates for Rs 200 crore foreign remittances, claims staff misused his digital signature; Mumbai court rejects bail, calls complaint an “after thought”

A special court denied anticipatory bail to chartered accountant Seetaram Bhat over allegations of illegal foreign remittances. The Economic Offences Wing is investigating claims of fraudulent tax certificates facilitating nearly Rs 2,575.83 crore in remittances. Bhat allegedly issued 163 certificates for eight companies without verifying documents properly. The court found Bhat’s complaint about digital signature misuse to be an afterthought.

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