https://www.taxtmi.com/caselaws?id=306654 Criminal prosecution against a chartered accountant was quashed because the record disclosed no prima facie material showing knowledge of forged documents, participation in any conspiracy, or a culpable intent to cheat the bank. The court noted that he had been engaged to verify the borrower's credentials and issued a due diligence certificate on the documents supplied, while the bank officials themselves proceeded on the basis of other material. In the absence of a demonstrable link with the alleged offenders, a professional verifier cannot be treated as criminally liable merely because the underlying documents later turn out to be forged. en-us Tue, 19 Dec 2017 00:00:00 +0530 Thu, 16 Feb 2023 20:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306654 Criminal prosecution against a chartered accountant was quashed because the record disclosed no prima facie material showing knowledge of forged documents, participation in any conspiracy, or a culpable intent to cheat the bank. The court noted that he had been engaged to verify the borrower's credentials and issued a due diligence certificate on the documents supplied, while the bank officials themselves proceeded on the basis of other material. In the absence of a demonstrable link with the alleged offenders, a professional verifier cannot be treated as criminally liable merely because the underlying documents later turn out to be forged. Case-Laws Indian Laws Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306654