CBI arrests I-T official, CA for taking bribe

The agency arrested ITO V Nagaraj and Chartered Accountant Nagin Kincha while allegedly receiving Rs five lakh out of the total Rs 20 lakh bribe demanded by them from a person, who informed CBI about it.

"A case was registered by CBI against an Income Tax Officer, Ward 4(3), Unity Building, Bangalore and a Chartered Accountant Lakshmi Complex, K.R Road, Bangalore u/s 120-B r/w 7 & 8 of PC Act 1988. It was alleged that the accused persons had demanded an illegal gratification of Rs 20 lakh for settling the income tax liabilities of the complainant. CBI laid a trap and both the accused persons were arrested while accepting a bribe of Rs 5 lakh as part of the Rs 20 lakh demanded by them," CBI spokesperson said here.

Searches were conducted at the residential premises of the accused which yielded a recovery of incriminating documents including investment details from the ITO and cash of Rs 50 lakhs (approx) along with incriminating documents from the CA, the spokesperson said.