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DELHI POLICE EOW ARRESTED ABSCONDER ACCUSED FOR DUPING GOVT. EXCHEQUER OF 158 CRORES

June 12, 2021 07:24 PM

THE ACCUSED ON THE BASIS OF FAKE/FORGED DOCUMENTS OBTAINED IMPORT DUTY CREDITS UNDER FOREIGN TRADE POLICY, TOTAL MONEY INVOLVED APPROX 158 CRORES

New Delhi (Face2News)

Economic Offences Wing, Delhi Police has arrested one accused namely Amanpuneet Singh Kohli S/o Sh. Gurmeet Singh Kohli R/o B-2/11, Paschim Vihar, New Delhi Age 34 years in Case FIR No. 12/17 dt. 11.01.17 u/s 420/467/468/471/120B IPC PS EOW, New Delhi. 

The complainant ICICI Bank has reported that 467 fake Foreign Inward Remittance Certificate (FIRCs) were submitted to the ICICI Bank Naraina Vihar branch by their 18 account holders (17 firms). The FIRC were submitted in the branch over a period of two years.

All these FIRCs, which runs into Crores of rupees, were purportedly issued by Corporation Bank, Bhikaji Cama Place, Delhi. On receipt of the FIRCs, ICICI Bank issued Bank Realization Certificates (BRCs) to the account holders, who availed trade (export) benefits from the office of DGFT (Directorate General of Foreign Trade) under foreign trade policy. There is loss of approx. Rs. 158 Crore to the Govt. Exchequer.

During the course of investigation original forged/fake FIRCs alongwith original account opening forms (of 17 firms) were seized. The bank account numbers mentioned in the FIRCs were found not exist or in the name of some other person/company/do not exist. The Authorized Dealer Bank i.e. Corporation Bank also confirmed that FIRCs were not issued from their bank. The investigation conducted from the office of DGFT revealed that benefits upto Rs. 158 Crores (Aprox.) were obtained by accused persons/firms from their office. These benefits were issued in the form of License/Authorization Letter/CRISP. These licenses are transferrable in open market and can be used at Port/ICD for payment of import duty.

After receiving the complaint from ICICI Bank, Naraina Vihar, Delhi verification from Corporation Bank, Bhikaji Cama Place, Delhi was done and all FIRCs were found fake. Accordingly, the present case vide FIR No. 12/17 dt. 11.01.17 u/s 420/467/468/471/120B IPC PS EOW, New Delhi was registered in EOW.

During the course of investigation original forged/fake FIRCs alongwith original account opening forms (of 17 firms) were seized. The bank account numbers mentioned in the FIRCs were found not exist or in the name of some other person/company/do not exist. The Authorized Dealer Bank i.e. Corporation Bank also confirmed that FIRCs were not issued from their bank. The investigation conducted from the office of DGFT revealed that benefits upto Rs. 158 Crores (Aprox.) were obtained by accused persons/firms from their office. These benefits were issued in the form of License/Authorization Letter/CRISP. These licenses are transferrable in open market and can be used at Port/ICD for payment of import duty.

MODUS OPERANDI : The accused Amanpuneet Singh Kohli in connivance with Angad Pal Singh used to create/open firms in the names of their employees/known and involved in business of import/export. They have contacts in other countries where they used to export the goods on higher value. But, actually no remittances was to be received against these exports. To obtain the trade benefits they create forged documents such as Foreign Inward Remittance Certificate and in connivance with some bank officials get the Bank Realisation Certificate by producing fake/forged FIRCs. As there was no check on the receiving on remittance by the DGFT and they produced the BRC in the office of DGFT for obtaining trade benefits. 

Mr. R.K. Singh, IPS, Addl. Commissioner of Police, Economic Offences Wing, said, during during investigation efforts were made to arrest the accused Amanpuneet Singh Kohli but he was absconding and changing his whereabouts. Meanwhile, he was declared PO/Absconder. On 10.06.2021, a tip was received that he is coming from Mumbai to Delhi via flight. His flight was identified and he was detained/apprehended at Terminal 3, IGI Airport, Delhi and subsequently arrested in the case.

During interrogation, it came to know that he was permanent resident of Mumbai, but shifted to Delhi/NCR in August 2020. He used to visit Delhi to meet his relatives as well as to meet main accused Angad Pal Singh for business purpose. He was running business in connivance with main accused Angad Pal Singh and another accused Ankit Kapur (earlier arrested). They both in connivance with bank officials produced the forged documents in the bank and get the BRC issued. He also attended marriage of Angad Pal Singh at California, USA.

The main accused Angad Pal Singh is absconding and evading his arrest. The accused disclosed that Angad Pal Singh is in California Jail and all possible efforts are being made to apprehend him through legal process.

Team : SI Harpal Madan, HC Manjoor Ahmad, Ct. Sudhanshu and Ct. Akash have arrested the accused person in the close supervision of ACP Sh. Virender Thakran and over all supervision of Sh. K. Ramesh, A.DCP/EOW.

KNOW THE ACCUSED: Accused Amanpuneet Singh Kohli is owner of ASK GROUP (INDIA). He is cousin of main accused Angad Pal Singh. He left his education in 1st year of B.COM. His father was also in the business of import/export. He started this business in 2008. He also knows Ankit Kapur (co accused and currently is on bail).The accused has been produced before the Hon’ble Court and 03 days police custody remand obtained. Further investigation of the case is in progress.

 
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