I-T raids in 6 states to unearth CSR fund diversion scam | Lucknow News
Lucknow: The income tax department unearthed a massive Rs 5,000 crore scam involving the diversion of Corporate Social Responsibility (CSR) funds through non-profit organisations (NPOs).Acting on directives of the principal director of Income Tax (Investigation), Kanpur, the IT Investigation Unit, Agra, carried out searches on Aug 19 at over 30 locations across Uttar Pradesh, Rajasthan, Gujarat, Maharashtra, West Bengal, and Madhya Pradesh.The crackdown targeted NPOs in Mathura, Bhilwara, and Ahmedabad. Officials said these entities, while claiming to operate in education, health, and social welfare, were instead misusing the identities of poor villagers and NREGA workers to create shell entities and mule accounts. Preliminary findings revealed that funds donated under Section 135 of the Companies Act were routed through a web of bogus companies controlled by a group of chartered accountants and trust managers.Officials confirmed that not a single rupee was utilised for charitable purposes. The searches are ongoing.
