Delhi fraud case: Man held after scamming government of over Rs 30 crore, used forged documents | India News

A man accused of swindling over Rs 30 crore in export-related benefits under the Foreign Trade Policy by using fake documents has been arrested by Delhi Police after being deported from the US.The accused, identified as Angad Pal Singh, also known as Angad Singh Chandhok, was taken into custody on June 2 after being flown back to India. He is currently in judicial custody and was previously held by the Central Bureau of Investigation in connection with another fraud case.According to the Economic Offences Wing (EOW) of Delhi Police, the case was first registered in January 2017, after a private bank raised a red flag about a series of forged documents.A total of 467 fake Foreign Inward Remittance Certificates (FIRCs) were submitted by 18 account holders linked to 17 firms at the bank’s Naraina branch between September 2013 and October 2015, deputy commissioner of Police (EOW) Vikram K. Porwal told PTI.The forged FIRCs, supposedly issued by a Delhi-based branch of the same bank, were used to secure Bank Realisation Certificates (BRCs). These BRCs were then submitted to the Directorate General of Foreign Trade (DGFT) to unlawfully claim duty credit scrips – incentives meant for exporters on the condition of receiving actual export payments.“These duty credit scrips were intended as non-cash incentives under the Foreign Trade Policy, issued upon actual receipt of export proceeds. However, in this case, the remittances never materialised,” Porwal said.Singh, along with his father Surinder Singh and brother Harsahib Singh, allegedly ran five export firms, Kumar Trading Company, National Trader, Trident Overseas India, HSC Exim India, and AHC Auto Spares, through which they executed the fraud. The scrips obtained were later sold on the open market for profit.Singh fled the country once the scam surfaced but was eventually tracked down and deported. Police said he is also an accused in another EOW case.Three of his co-accused have already been arrested and charge-sheeted. Authorities said further investigation is ongoing to uncover a broader conspiracy and determine whether any bank officials were complicit.