Income Tax fraud: Three Infosys techies held in Bengaluru

Three techies of software major Infosys were arrested on charge of cheating by unauthorisedly contacting income taxpayers and demanding money on the pretext of ensuring tax rebates, police said on Monday. "The three were arrested for contacting taxpayers and promising to get them tax rebates in liu of 4 per cent of the total amount involved," Bengaluru South East Division Deputy Commissioner of Police Joshi Srinath Mahadev told IANS.

Mahadev identified the accused as Renugunta Kalyan Kumar, Prakash, and Deveshwar Reddy from Bengaluru-based Infosys. "A city court has remanded them in 14-day judicial custody," added Mahadev. The DCP said there was a contract between the Income Tax Department and Infosys due to which company employees assigned for the I-T work were privy to information on taxpayers.

"Whatever relevant information is received, these Infosys employees forward it to the the Income Tax Department to make tax assessments and further processing," Mahadev said.

Watch Zee Business live TV below:

The officer said the techies were into fraudulent activities for a month and made Rs 4 lakh through illegal means, which has since been recovered. On the complaint by Income Tax Department officials, the accused were booked for cheating and criminal breach of trust.