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The accused fabricated business transactions using dummy directors and forged documents to import and export goods through Gujarat and Mumbai ports, masking a massive black money operation
The accused used to rent goods from foreign companies, present them as purchased, and show the import and export of the same goods. (Representative/AP File)
The State Crime Branch of Haryana Police has succeeded in uncovering a case of organised crime, in which the accused were illegally sending black money abroad by creating fake companies.
The investigation revealed that the accused had illegally transferred approximately Rs 700 crore to the accounts of foreign companies. Seven accused have been arrested in the case so far, and a charge sheet has been filed in court against five others.
The Haryana Police received a complaint in this regard on March 18. Taking cognisance of the complaint, a Special Investigation Team (SIT) was constituted under the chairmanship of Additional Director General of Police, State Crime Branch and Deputy Commissioner of Police Gurugram, Nitish Agarwal, as per the directions of Haryana Director General of Police Shatrujeet Kapoor.
During the investigation, it was discovered that the accused had organised and registered companies in the names of dummy directors.
The bank accounts of these companies’ directors were opened through personal and eKYC in collusion with bank employees, and the accused operated the accounts themselves by keeping the ATM cards, net banking passwords, and registered mobile SIM cards of those accounts.
By fabricating business transactions between the companies formed in the names of dummy directors and foreign companies using forged documents, the accused would import and export goods through the ports of Gujarat and Mumbai.
They would then illegally transfer Indian currency abroad and charge a hefty commission per dollar by inflating the price of goods on the invoice bill far beyond the market value.
The accused used to present different business premises, bank records, ROC, CGST records, and import-export related documents for the companies to avoid detection by departments such as the Directorate of Revenue Intelligence, Customs Department, Enforcement Directorate and Central GST.
The accused transferred money to the accounts of the accused companies by showing fake sales or purchases from the accounts of other companies. Money was also transferred from the major accounts of these companies to the account of the foreign company in dollars.
The accused used to rent goods from foreign companies, present them as purchased in documents, and then show the import and export of the same goods after some time. The payment for the purportedly imported goods was sent to the accounts of the foreign company, however, the payment for the exported goods did not return to the account of the indigenous company.
The investigation has revealed that three of the accused are residents of Delhi, while the others are from Dehradun, Jhajjar, Sonipat, and Faridabad.
Based on comprehensive evidence, a charge sheet has been filed in court against five accused in the case. During the investigation, a large number of fake company documents, approximately 26 mobile phones, laptops, company seals and other items have been recovered from the accused.
Apart from this case, one of the arrested accused has other cases registered against him for offences such as murder and grievous injury. The Special Investigation Team is conducting a thorough investigation of the case under the supervision of senior officials.
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