ED attaches Rs. 52 crore worth Dubai properties in major bank fraud case
The SBI's Shahpura Branch suffered a massive loss due to the scheme.
The SBI's Shahpura Branch suffered a massive loss due to the scheme.
According to the police, the arrested accused have been identified as Jatin Prasad, Rajender Kumar alias Raja, and Sandeep Singh, all residents of Delhi and Haryana.
The investigation revealed that the company is actively engaged in availing fraudulent Input Tax Credit solely on the basis of invoices without any underlying supply of goods or services.
AAP Delhi President Saurabh Bharadwaj claimed the government ignored its own scientific advisors to conduct a "circus" that was destined to fail.
The CBI has arrested five individuals for their active involvement in executing the alleged fraud. They are being produced before the competent court as per due process.
A youth from Durgapur, Pranavananda Mondal, was arrested by the Maharashtra Police today. He is accused of defrauding people of Rs 16 crore by promising to erect wireless internet towers on their land in Nagpur.
Apart from Himachal Pradesh, the raids are being conducted across Delhi, Chandigarh and Punjab. In Himachal Pradesh, 19 locations in Shimla, Kangra, Una, Mandi, and Kullu were searched on Wednesday.
Nine accused, along with an equal number of female tele-callers associated with the racket, were arrested in a raid on the centre.
While investigations are ongoing against various chit-fund companies, including Saradha and Rose Valley, a chit-fund organisation has duped around 7,000 people.
The Indian Cyber Crime Coordination Centre (I4C), MHA, provided information about the misuse of eight SMS headers for sending fraudulent communications for committing cybercrime.
