This document describes a large scale scam involving chartered accountants in India. It alleges that CAs are intentionally not recording cash incomes, creating fake expense records, and altering documents to illegally avoid paying 60 crores in taxes. It estimates that eliminating these practices could bring 10 lakh crore annually to the government treasury. It calls for presenting evidence of this scam to political leaders to appoint a new ICAI president and implement permanent solutions to prevent future tax evasion.

1. BIGGEST SCAM….With ROOT
SOLUTIONS
Till Date India has Seen Many Scams
Like “Satyam”, “2G”, “Securities
Scam – Harshad Mehta & Ketan
Parekh”, “UTI Scam”, “Stamp Paper
Scam” Etc. But All Came WITHOUT
Solution(s).

2. Unique SCAM With “Root Solutions”
• This Scam is Coming with Not Only “Concrete
Evidences” But also with “Permanent
Solution(s)” to avoid such Scams Forever.

3. Case 1
• To Save Income of Rs. 2,00,00,000 (Two Crore Only) of 1
Company from Income Tax Payment, 8 New Sister
Concern Companies were Created by Preparing FAKE
Expense, Cash Vouchers, FAKE Bills, FAKE Books of
Accounts, FAKE Trial Balance, FAKE Balance Sheet &
Profit & Loss A/c. And Same Companies Income Tax
Returns were File along with FAKE AUDIT REPORTS
Claiming LOSSES To be Carried Forward instead of Actual
Profit.
• Amount Saved from Reaching The Govt. of India’s
Treasury here is Atleast Rs. 60,00,000 (Sixty Lacs Only).
• The given above Case relates to Pharma Company and
FAKE things were done by Renowned CA.

4. Case 2
• Here Cash Income of Client Business was Not
Recorded Intentionally. It was A Tax Audit Client of
Partnership Firm having Project of more than 2
Years. Amount of Cash Income NOT RECORDED in
these 2 Years was More Than Rs. 5,00,00,000 (Five
Crores Only). These Incomes were recorded on
Rough Paper File Register for Future Reference of the
Client.
• CA Claimed Atleast Rs. 25,00,000 (Twenty Five Lacs
Only) for Not Disclosing these Facts in his Audit
Reports from his Client.

5. Case 3
• Here in 1 of the Most Reputed CA Firm,
Income Tax Returns of Clients were E-Filed
with Income Tax Department.
• After E-Filing Income Tax Returns Balance
Sheet , Profit & Loss A/c. and Other Books of
Accounts along with Audit Reports were
Altered (Changed) on the basis of E-Filing of
Income Tax Returns.

6. Companies Registered with MCA
• Companies Registered with MCA (Ministry of
Corporate Affairs) is More Than 8,00,000
(Eight Lacs Only).
• Now if CA is Saving Rs. 50,00,000 (Fifty Lacs
Only) Average Revenue Per Company from
Reaching The Govt. of India’s Treasury then
Total Amt. = 8,00,000 X Rs. 50,00,000 = Rs.
…………………..Crores.

7. Partnership Firms in India
• There are More than 20,00,000 (Twenty Lacs)
Partnership Firms in India, more than 60% Not
Registered with Registrar of Firms.
• If CA is Saving Average Rs. 15000 (Fifteen
Thousand Only) Income Tax from Reaching
Govt. of India’s Treasury then Total Amt. =
20,00,000 X Rs. 15000 = Rs…………..CRORES.

8. Net Worth of SCAM
• Atleast Rs.10000000000000 (Rupees Ten Lac
Crore Only) is the Minimum Revenue which
will be reaching to “The Govt. of India’s
Treasury” Directly without Any Blockages in
the very 1st Year of Application of “ROOT
SOLUTION(s)” to the Issue / Problem by the
Govt. of India.

9. Unique Submission of SCAM REPORTS
• Detailed “Evidences” with “ROOT
SOLUTIONS” will be Sent Only to Smt. Sonia
Gandhi And / Or Smt. D.Purandeswari, Union
Minister of State, Human Resource
Development, New Delhi And / Or The RBI
Governor as per MEDIA Presentation Format
Specified.

10. Preliminary Reason(s) to This SCAM
• These Confidential Documents will provide
Details of How “REVENUE” is being “BLOCKED”
From Reaching The Govt. of India’s Treasury, by
“Compelling”, “Teaching”, “Training” And
“Forcing” more than 7,00,000 potential youths to
make FAKE (FALSE) Balance Sheet(s) , FAKE
Expense(s) Entries and Voucher(s), FAKE Profit &
Loss A/c., And Filing FAKE Income-tax / Sales Tax
Return(s) Etc. which in turn has / is hampering
the Progress and Development of India and
Common Man and also give rise to Heavy Taxes
and Increasing Prices i.e. Inflation.

11. Support Received till Date
• CA Students, IIT’s , MBA & Youths of
Universities From Maharashtra, Kerala,
Andhra Pradesh, Chandigarh, Punjab,
Rajasthan, J&K, New Delhi , Assam, Orissa,
Etc. have supported and joined it thru
Affidavits, Signature Campaign Etc.
Advocate(s) and NGO’s from these States are
also in support of the matter.

12. Unique Proposal for Public Support
• Mr.CHIRAG SAWANT Proposed to be
Appointed As The President of The ICAI
Immediately after retirement of Present
President CA A.Chopra, after His Proposed
Presentation before Ms.Sonia Gandhi before
20th December, 2010 in presence of All
Medias round the country.

13. SCAM In the Interest of the Nation
Leaded By……
• Mr. CHIRAG SHASHIKANT SAWANT
(A Student of CA FINAL of The Institute of Chartered Accountants of
India)
Mobile No.:- +91 9898345389.
3rd Floor, Shelar Building,
Above CANARA Bank, Shelar Wadi,
Gokhale Road,
Naupada,
THANE.
MAHARASHTRA.
INDIA.
And Friends From,
MAHARASHTRA, RAJASTHAN, WEST BENGAL, UTTAR PRADESH (U.P.),
MADHYA PRADESH (M.P.), ASSAM And Other States of INDIA.