New Delhi, June 8 -- A 30-year-old man has been arrested for allegedly orchestrating a Rs.30.47 crore fraud by submitting forged remittance documents to avail export incentives under the Foreign Trade Policy, the Delhi Police's Economic Offences Wing (EOW) said on Saturday.
The accused, Angad Pal Singh, was deported from the US and arrested on June 2, said deputy commissioner of police (EOW) Vikram Porwal. Singh conspired with employees of a private bank to forge more than 460 Foreign Inward Remittance Certificates to fraudulently claim duty credit scrips, said police.
The case was registered in 2017. Three co-accused have already been arrested.
Published by HT Digital Content Services with permission from Hindustan Times....