Vakola Resident Gets Rs 2.83 Cr Tax Notice After Fraudsters Use His Identity to Open Bank Account; Case Registered

A case has been registered by the police against some unknown persons for using fake documents in the name of a Vakola Resident to open a bank account.

The complainant, 21-year-old Sakshi Jeetendra Adsul, told the police that her father, Jeetendra Adsul, had received a tax notice from the Income Tax Department and Goods and Services Tax Department (GST) demanding Rs. 2.83 crore in connection with the alleged fraud.

The police said that the fraud came to attention in November 2022, when Jeetendra’s tax consultant informed him about a Rs. 13.77 crore transaction in the bank account linked to his PAN card, resulting in a GST invoice of Rs. 2.83 crore. The tax consultant reported this issue to the Income Tax Department and the GST Department.

A Vakola police officer shared that despite raising the issue, Jeetendra continued receiving notices from the departments till 2025. When he followed up with the Income Tax Department, he was informed that a bank account linked to his PAN was involved in transactions amounting to Rs. 13.77 crore under the name Cultural Traders. The account had his name but with someone else’s photo. The officer further stated that Jeetendra didn’t receive any proper assistance from the income tax department when he raised the issue.

A case has been registered by the police against unknown persons under Sections 406 (criminal breach of trust), 420 (cheating), 465 (forgery), 467 (forgery of valuable securities, wills, and other documents), 468 (forgery for the purpose of cheating) and 471 (using as genuine a forged document) of the Indian Penal Code.