https://www.taxtmi.com/caselaws?id=310943 The HC rejected the petitioner's discharge application despite exoneration by a Disciplinary Committee. The petitioner, a chartered accountant, allegedly prepared fraudulent projected financial statements using forged documents to help borrowers obtain unauthorized banking facilities, causing wrongful loss. The court held that disciplinary proceedings under the Chartered Accountants Act differ from criminal prosecution involving conspiracy and misconduct allegations. The Committee's findings regarding professional misconduct cannot bind criminal courts where evidence must be independently evaluated. Strong suspicion of the petitioner's involvement in criminal conspiracy justified continuation of prosecution, though the petitioner may raise defenses during trial. en-us Wed, 02 Aug 2017 00:00:00 +0530 Tue, 28 Nov 2023 06:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310943 The HC rejected the petitioner's discharge application despite exoneration by a Disciplinary Committee. The petitioner, a chartered accountant, allegedly prepared fraudulent projected financial statements using forged documents to help borrowers obtain unauthorized banking facilities, causing wrongful loss. The court held that disciplinary proceedings under the Chartered Accountants Act differ from criminal prosecution involving conspiracy and misconduct allegations. The Committee's findings regarding professional misconduct cannot bind criminal courts where evidence must be independently evaluated. Strong suspicion of the petitioner's involvement in criminal conspiracy justified continuation of prosecution, though the petitioner may raise defenses during trial. Case-Laws Money Laundering Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310943