The Central Bureau of Investigation (CBI) has filed a case against former bank employee Rattandeep Borkar for allegedly running a fake tax refund scheme by misusing his old access to Canara Bank’s systems. The fraud was uncovered during an investigation by the Income Tax Department and involves false TDS refund claims worth over ₹1.26 crore.
As per the CBI FIR, Borkar had earlier worked with Canara Bank. Even after leaving the job, he allegedly continued using his active login credentials to gain unauthorized access to the bank’s systems.
Borkar is accused of spotting cases between financial years 2011–12 and 2018–19 where TDS was deducted but PAN details were missing. Taking advantage of this gap, he allegedly revised the TDS returns by adding the PAN numbers of 92 people known to him. According to the CBI, the refunds were issued in their names, and the money was then shared with Borkar.
The fake tax returns were filed through Canara Bank’s branches in Gandhi Nagar, Sitabuldi, Ramdaspeth, and Sadar areas of Nagpur. Sources said that many of the affected bank accounts belonged to senior citizens, who often do not have PAN details, making them easy targets for such fraud.
The CBI FIR also mentions unknown officials of Canara Bank, indicating that the fraud may have involved insider help. Borkar is accused of manipulating important files, including the original ‘conso’ file and unique token numbers, by using file validation and return preparation tools. He also allegedly forged signatures of bank officials and created fake Form 27A to route the refunds to accounts of his associates.
The fraudulent TDS refund claims were processed between July 2023 and September 2024. The Income Tax Department has now sent notices to the people whose PAN numbers were used in the scam.
Further investigation is ongoing to identify other individuals who may have been involved in the fraud.
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