Four Chartered Accountants and several company directors and associates face allegations of issuing fake certificates. The certificates in question are Form 15CB, which are used for overseas remittances. It is alleged that these certificates were issued without verifying necessary financial documents.

The alleged fake certificates facilitated remittances totalling ₹2,575.83 crore over several financial years. A complaint was filed by an Assistant Director of Income Tax. The Income Tax Department had received confidential information about the alleged activities of the four Chartered Accountants.

Further details about the allegations and the investigation are available from the source.