Clarification- Some of our readers have objected to the use of Term Chartered Accountant (CA) for Late Yakub Abdul Razak Memon. The reason for their objection was that name of Late Yakub Abdul Razak Memon was removed from the Register of Members maintained by Institute of Chartered Accountant of India (ICAI)  in 1993, so at the time of his hanging he was not a CA. We at Taxguru agree with arguments of our readers and regret the mistake at our end and assure them that we will be more careful in future.

Yakub Abdul Razak Memon (30 July 1962-30 July 2015) was a terrorist and has cleared his CA Final Exams in 1990. He was convicted over his involvement in the 1993 Bombay bombings by Special Terrorist and Disruptive Activities court on 27 July 2007. Yakub Memon is the brother of one of the prime suspects in the bombings, Tiger Memon His appeals and petitions for clemency were all rejected and he was executed by hanging on 30 July 2015 at 06.30 IST in Nagpur jail.

He had been woken at 3:30 AM, permitted to take a warm bath and was provided with a fresh set of clothing. He was allowed to read the Quran and offer Namaz, given a last meal of his choice, and underwent a final medical examination before the execution. A police constable who had previously executed Ajmal Kasab served as the hangman.

Early history

Yakub Memon was born on 30 July 1962 in Mumbai and grew up in the Byculla neighborhood, where he attended Antonio D’Souza High School. He completed a Masters in Commerce at the Burhani College of Commerce and Arts. In 1986, Memon enrolled in the Institute of Chartered Accountants of India and completed study as a chartered accountant in 1990.

In 1991, Memon founded the chartered accountancy firm ‘Mehta & Memon Associates’ with his childhood friend Chetan Mehta. The following year, they parted ways, and he founded another accountancy firm ‘AR & Sons’. Named after his father, it was so successful that Memon won a “Best Chartered Accountant of the Year” award from the Memon community of Mumbai. He also formed the export company ‘Tejrath International’ to export meat products to the Persian Gulf region and Middle East.

Part in the 1993 Bombay bombings

According to Indian authorities, Memon financially assisted his brother Tiger Memon and Dawood Ibrahim in planning and executing the bombings. Memon allegedly handled Tiger’s funds, funded the training of 15 youths who were sent to Pakistan to learn the art of handling arms and ammunition, purchased the vehicles used in the bombings, and stockpiled weapons.

Arrest

The Indian Central Bureau of Investigation claims that Memon was arrested at New Delhi railway station on 5 August 1994. However, Memon claims that he surrendered to police in Nepal on the 28 July 1994. Memon was arrested with a briefcase which contained a recording of a conversation he had had in Karachi.

Studies During Imprisonment

Memon was originally held at Yerwada Central Jail, and was transferred to Nagpur Central Jail in August 2007.While in prison, he has studied at Indira Gandhi National Open University and earned two master’s degrees. The first, in 2013, in English literature and the second degree, in 2014, in political science. (Source-  Wikipedia)

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0 responses to “Yakub Memon Hanged today at Nagpur”

  1. Mohammad Ayiub says:

    I understand “Chartered Accountant” is a qualification and not the membership. Once Yakub got such qualification with no illegal manner no one has right to snatch his qualification. Supreme court has found him guilty and has punished for his act and not for his qualification. ICAI has deregistered him from the membership and not taken away his qualification called “Chartered Accountant” of its record.

    There are several members who get deregistered for so many reasons. Should they not be called as “Chartered Accountants”?. Several members do not register themselves after getting qualification. Should they be not called as “Chartered Accountants”?

    Its very poor on the part of taxguru to regret and call it a mistake for calling a “Chartered Accountant” as “Chartered Accountant”. It is very unfortunate and insulting to “Chartered Accountants”. Opinion may differ on the act of Yakub and the punishment he got. But please respect the qualification called “Chartered Accountant”. I feel taxguru must apologise to all “Chartered Accountants” whether member or not of the ICAI for such act.

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