Rs. 10.9 Crore Service Tax Scam Five central excise officials booked who helped companies Bajaj Steel, Llyod Steel and Sun Flag to evade tax

Rs. 10.9 Crore Service Tax Scam Five central excise officials booked
who helped companies Bajaj Steel, Llyod Steel and Sun Flag to evade tax

Tuesday – CBI Officers conducted searches at offices and residential premises in Nagpur, Mumbai and Chandrapur.

They seized relevant documents and registered offences under sections of the Prevention of Corruption Act and the IPC against the five


CBI said that five top officials of the central excise here have been booked by the CBI's anti-corruption unit for their alleged involvement in a service tax scam to the tune of Rs 10.9 crore

Two officers of the rank of deputy commissioners and three superintendents of central excise here helped companies like Bajaj Steel, Llyod Steel and Sun Flag in evading service tax on foreign business deals and avoiding penalty

Below are the names of 5 officials who are booked and charged for Rs.10.9 Crore Fraud Scam.
The officers were identified as

1. N B Meshram (deputy commissioner)

2. George Varghese (deputy commissioner)

3. D B Patil, - superintendent

4. J S Solankhi - superintendent

5. B K Athle – superintendent

All the five, by favoring the erring companies, have caused a loss of Rs 10.9 crore to the government
They allegedly “closed the service tax returns files of Facor Steel, Lloyds Steel Industries, Bajaj Steel Industries and Sunflag Steel Industries knowing that it involved suppression of facts by the companies and had to be assessed under section 73(4) of the Central Excise Act”

Which company officials are charged for this scam is not clear until now
I have not found any information that any employee of the company Bajaj Steel, Llyod Steel and Sun Flag is charged for this scam.

Reality Views by sm –
Wednesday, April 20, 2011

Keywords Tags – Service Tax fraud Rs.10.9 Crore Facor Steel, Lloyds Steel Industries, Bajaj Steel Industries and Sunflag Steel Service Tax