The Delhi High Court on Monday discharged a senior income tax official, of graft charges levelled against him by the Central Bureau of Investigation (CBI) for allegedly demanding bribes from the prime accused in the multi crore “Stock Guru” case. Khaire has been accused of inducing investors to invest their money in M/s Stock Guru by making false assurances. Finding force in the contentions raised by Advocate, the Delhi High Court ruled that the material collected by CBI “is not sufficient to frame the charge” against the I-T Officer. The high court also held that “perusal of transcripts of audio & video recordings does not reflect any demand of gratification” from the accused by the I-T Officer. The income tax officer had moved the Delhi High court against an order of the lower court of September 12, 2019, vide which the trial court had framed charges against him.

Source: Economic Times January 18, 2024 12:36 UTC