Brief by Shorts91 NewsDesk / 02:27pm on 08 Jun 2025,Sunday India Global
Economic Offences Wing (EOW), Delhi Police, on June 2 arrested Angad Pal Singh (aka Angad Singh Chandhok) following his deportation from the U.S. Singh, alongside his father Surinder and brother Harsahib, allegedly orchestrated a ₹30.47 crore export‑incentive fraud under India's Foreign Trade Policy. From 2013–2015, five family‑controlled firms submitted 467 forged Foreign Inward Remittance Certificates (FIRCs) using collusion with bank staff. These bogus FIRCs yielded Bank Realisation Certificates, which were then used to claim duty drawback and duty‑credit scrips from DGFT. Scrips were sold in the open market. The scam, originally unearthed in a 2017 ICICI Bank complaint, also involved prior CBI charges against Singh. (PC: India Lawyers)
