New Delhi, June 7 -- The Economic Offences Wing, Delhi Police, has arrested the accused Angad Pal Singh in a cheating and forgery case of Rs 30.47 crores.

The accused Angad Pal Singh, along with his father Surinder Singh and brother Harsahib Singh, was holding ownership of five firms, namely Kumar Trading Company, National Trader, Trident Overseas India, HSC Exim India and AHC Auto Spares.

As per the Delhi Police, the accused, Angad Pal Singh, used to manage the affairs of these companies along with his father and brother. They have created forged Foreign Inward Remittance Certificates and obtained benefits of Duty Credit Scrips worth Rs. 30.47 Crores and sold it in the open market. The remittance was shown to have been received by the ...