The agents involved in the racket have been identified as Jitender Kumar Mandal, a resident of Dhangarhi in Nepal; Pradeep Kumar Kattamuri, a resident of Visakhapatnam, Andhra Pradesh; and Vipin Sharma, a resident of Paharganj, they said.
The main accused, Satish Kanani, was arrested from Surat in Gujarat on Monday, DCP Yogesh Dadhich said.
In FY19, banking sector reported 6,801 frauds involving Rs 71,542.93 crore as against 5,916 cases involving Rs 41,167.04 crore reported in 2017-18.
He allegedly availed wrong Input Tax Credit of Rs 24.55 crore on the basis of bogus invoices for Rs 136.38 crore without the actual supply of goods, the official said.
Gaurav Sharma, Deputy Commissioner of Police, Outer-North district, said Aggrawal was arrested on Monday on a case of cheating was registered against him at the Narela police station on August 8.
While the financial racket was busted, the 62-year-old managing director and his son were taken into custody. The company head office at Noida was also sealed. The deposits worth Rs. 398 crore have also been frozen in their multiple bank accounts.
In a circular, NHB said that it has received several complaints in relation to the loans under subvention schemes and instances of alleged fraud by certain builders have also been reported.
In a statement issued here, the Central Bureau of Investigation (CBI) said Sridhar, former Branch Manager, Ooty, retired Lt. Colonel S.K. Sundaram and R.Sanjeevi, a private person, were convicted and sentenced to three years rigorous imprisonment each.
A CRPF official was arrested on Thursday for allegedly cheating a man of Rs 90 lakh on the pretext of giving him cryptocurrency, police said.The accused was identified as Amit Rajpoot (30), they added.
In the text message, the scamsters are sharing a toll-free number (1800-1020-447) and two other helpline numbers (09903400159 and 09903400209). Some customers have received different contact numbers in the message.
The charges carries a maximum potential penalty of 20 years in prison and a USD 5 million fine.
While talking to them, the accused obtained their bank details and debt card passwords. He then fraudulently withdrew Rs. 1.7 lakh from Avanti Patel and her sister's accounts.
Criminal complaint against the man was unsealed Monday after he made his initial appearance in federal court before US Magistrate Judge Joseph Spero
According to the agency source, the CBI wrote to the Interpol in Nigeria late on Monday.
During interrogation, they told the police that they were running a job racket for last two years and had duped 20 people so far by promising them jobs in ONGC.
Jharkhand High Court granted anticipatory bail to three persons in forgery and fraud case on the condition that they deposit money in the Kerala Chief Minister's Relief Fund.
The Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel's former promoter Neeraj Singal for allegedly siphoning off funds worth over Rs 2,000 crore.
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The police said the directors of the seven companies were booked under the Indian Penal Code at Gurugram's City police station.
Hit by a Rs 11,400 crore fraud, state-owned Punjab National Bank (PNB) has cautioned other banks about the modus operandi of the scam.
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