According to the report, some "income tax officials and a few staffers of Infosys connived with a fake CA (chartered accountant) - now disowned by the Institute of Chartered Accountants of India (ICAI) - and filed 1,010 revised tax returns using forged documents in the names of 250 taxpayers of various private firms, during three assessment years and claimed refunds illegally." Infosys is the vendor for online processing of income tax returns. Bombay Stock Exchange had later sought clarification from Infosys over the matter.
In a statement to Bombay Stock Exchange, Infosys on Thursday clarified: "We have taken note of the media articles in relation to the alleged fraud concerning the Income Tax department and the First Information report ("FIR") by the Central Bureau of Investigation ("CBI") in relation to these allegations. Infosys Limited is not named as an accused party in the said FIR."
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