The complainant, an Income Tax officer, had alleged that during the period from November 9 to December 30, 2016, a large amount of cash (approx Rs 9 crore) was deposited in different bank accounts
This picture has been used for representational purpose only
The Delhi Police's Economic Offences Wing has arrested a man accused of misappropriating black money amounting to Rs 9 crore by opening bank accounts on fake and forged documents during demonetisation in 2016.
ADVERTISEMENT
The complainant, an Income Tax officer, had alleged that during the period from November 9 to December 30, 2016, a large amount of cash (approx Rs 9 crore) was deposited in different bank accounts. On enquiry from the banks concerned, it emerged that the account holders were all carrying out their business activities from the same premises in Vishwas Nagar, in Delhi's Shahdara area.
"During the course of investigation, it was revealed that the accused persons opened bank accounts in the names of fictitious identities on the basis of fake/forged documents. Thereafter during demonetisation, they deposited huge amounts of cash in it and misappropriated the same," Joint Commissioner of Police, EOW, O.P. Mishra, said.
On the basis of the photographs available in the KYC documents, one of the occupants was identified as Gaurav Singhal, 35. In his statement to the IT Department, he admitted to having got prepared fake IDs like voter cards and Pan cards for opening various bank accounts in which large amounts of cash were deposited during the period of demonetisation.
Singhal was arrested on Thursday from a paying guest accommodation situated in the Naveen Shahdara area.
Keep scrolling to read more news
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.
Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
