# CA booked over Rs 186 crore foreign remittances in third FIR 2026-08-25T23:06:19+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Police in Andhra Pradesh have booked a chartered accountant and seven firms for allegedly facilitating the illegal transfer of Rs 186 crore abroad using false Form 15CB certifications. The case, registered on August 22 in Guntur, is the third FIR arising from income tax department investigations into questionable foreign remittances in Telangana and Andhra Pradesh. The complaint was filed by Subhash Koritepati, assistant director of I-T (investigation), Vijayawada. The accused CA, Chinna Venkata Subramanyam Dama, allegedly issued Form 15CB certificates to entities that were later found to be non-existent at their registered addresses. The IT department says the certificates enabled bank clearances for remittances totalling Rs 186 crore between 2022-23 and 2026-27. Investigators allege Dama issued certifications without examining underlying records required under law. Physical verification reportedly showed the remitting entities had not filed income tax returns despite routing substantial sums abroad. The case follows I-T searches on August 18 at Dama's office in Guntur. ## Indian Opinion Analysis Form 15CB is a critical compliance document under the Income Tax Rules, 1962. A chartered accountant must certify the taxability of a foreign remittance before a bank can process it. The provision is designed to prevent round-tripping and tax evasion via overseas transfers. What makes this case notable is the volume: Rs 186 crore across three financial years. The next step will be the police investigation into the seven named entities, which include IT and logistics firms. Whether the certifications were issued negligently or as part of a wider network will determine the severity of charges under the Bharatiya Nyaya Sanhita. ## Coverage - timesofindia.indiatimes.com Straight news agency style reporting of FIR details and IT department allegations. This brief was synthesised by AI from the source linked above. Tags: Andhra Pradesh, chartered accountant, Form 15CB, Guntur, income tax department Canonical: https://indianopinion.org/ca-booked-over-rs-186-crore-foreign-remittances-in-third-fir/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ca-booked-over-rs-186-crore-foreign-remittances-in-third-fir/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/