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UMESH (Accounts & Taxation)     16 July 2011

Sec. 4and 5 price cheat money turnover

Dear Sir,

we are conducting the audit of a firm in banglore on 13th july 2011, while conducting audit, police raided on the company and file case on us alongwith the company employees Under section 4&5 price cheat & money turnover ipc 1948.

we are audit assistant in a C A firm in Delhi and we have  no relation with the company. It a private limited company.

 

Now we released on bail.

 

I just want to know what we should do.

 What is that section?

Thanks & regards

 

Umesh Kumar

09212676727



 1 Replies

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     16 July 2011

All these bogus money turnover schemes go on the strength of audit certificates, so you are fully responsible. You have to face trial , may be the case may go on for years and you are discharged.


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