India, Dec. 29 -- The economic offences wing (EOW) of Delhi Police has registered a case of cheating by impersonation, forgery, and criminal conspiracy after it emerged that an organised syndicate had allegedly used the identification documents of a Bihar resident to float a company and then use it for high-value financial transactions, police officers aware of the matter said on Sunday.

The matter first came to light in 2023 when Karan Kumar Ram, 40, received at least three notices from income tax (I-T) offices in Karnataka, Haryana's Gurugram, and his hometown Siwan, seeking an explanation regarding financial transactions of Rs.48 crore and Rs.35.05 lakh made by the company in 2020-21 and 2019-20, respectively. He filed a complaint wit...