Delhi Fraud Case: Man used for fake documents after scam of government for more than Rs 30 crore

Under the foreign trade policy using fake documents by Delhi Police, it was accused of cheating more than Rs 30 crore in the benefits related to export. After being deported from America.The accused, known as Angad Pal Singh, also known as Angad Singh Chandok, was detained after returning to India on 2 June. He is currently in judicial custody and was previously organized by the Central Bureau of Investigation in another fraud case.According to the Delhi Police’s Economic Offenses Wing (EOW), the case was first registered in January 2017, a private bank raised a red flag about a series of fake documents.Between September 2013 and October 2015, a total of 467 fake foreign arrival certificate (FIRCS) were presented by 18 account holders associated with 17 firms at the bank’s Narayana branch, Deputy Commissioner of Police (EOW) Vikram. Porwal told PTI.The fake FIRCS issued by the branch of the same bank was used to secure the bank feeling certificate (BRCs). These BRCs were then presented to the Directorate General of Foreign Trade (DGFT) to claim illegal duty credit scrip – encouragement for exporters on condition of receiving actual export payments.Porwal said, “These duty credit scrips were intended as a non-cost incentive under the Foreign Trade Policy, which was issued on the actual receipt of export income. However, in this case, the remittance never became physical,” said Porwal.Along with Singh, his father Surinder Singh and brother Harihihib Singh, allegedly run five export firms, Kumar trading company, national traders, Trident Overseas India, HSC Exim India and AHC Auto Spars, through which they carried out the fraud. The scrips obtained later were sold in the open market for profit.Once the scam, Singh fled the country but was eventually tracked and deported. Police said that he is also an accused in another EOV case.His three co-accused have already been arrested and have been charged. Officials said further investigation is going on to highlight a widespread conspiracy and determine if any bank officials were complicated.