Hyderabad Businessman Arrested For 98 Crores 'Black Money' Deposits In Banks
Dt. Dec 29, 2016
Hyderabad businessman was arrested for his alleged involvement in cheating.
The businessman generated 'fake and fictitious' advance payment receipts
He runs three jewellery and bullion firms
He produced advance payment receipts for Rs 40 crore in name of another
Hyderabad: A city-based businessman was arrested on Wednesday for allegedly cheating and generating 'fake and fictitious' advance payment receipts to deposit "black money" to the tune of Rs 98 crore in banks following the ban of 500 and 1000-rupee notes last month.
Besides Kailash Chand Gupta (65), his kin and others have also been booked by the police under various sections of Indian Penal Code for their alleged role in the "conspiracy"
Dt. Dec 29, 2016
Hyderabad businessman was arrested for his alleged involvement in cheating.
The businessman generated 'fake and fictitious' advance payment receipts
He runs three jewellery and bullion firms
He produced advance payment receipts for Rs 40 crore in name of another
Hyderabad: A city-based businessman was arrested on Wednesday for allegedly cheating and generating 'fake and fictitious' advance payment receipts to deposit "black money" to the tune of Rs 98 crore in banks following the ban of 500 and 1000-rupee notes last month.
Besides Kailash Chand Gupta (65), his kin and others have also been booked by the police under various sections of Indian Penal Code for their alleged role in the "conspiracy"
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