Archive · 8 Jun 2025
Man Arrested in Delhi for Rs 30 Crore Trade Fraud
Angad Pal Singh was arrested for a financial crime.
He and others created fake documents to get money from the government.
These documents falsely showed money coming from other countries, which allowed them to claim special benefits.
Using these false papers, Singh and his associates scammed the government out of over 30 crore rupees.
He fled the country but was later sent back and is now in custody.
He also has another case against him involving similar schemes.
Angad Pal Singh arrested in Delhi for a trade fraud involving Rs 30.47 crore.
Singh and associates submitted forged documents to obtain export incentives.
The fraud involved 467 fake Foreign Inward Remittance Certificates (FIRCs).
Singh, along with his family, owned five export firms implicated in the scheme.
Singh was deported from the US and is currently in judicial custody.
- Who
- Angad Pal Singh, also known as Angad Singh Chandhok, and associates.
- What
- Arrested for cheating and forgery related to trade benefits.
- When
- Case registered January 11, 2017; Singh arrested June 2, 2024.
- Where
- Delhi
- Why
- To fraudulently obtain trade benefits and duty credit scrips.
- Accused
- Angad Pal Singh aka Angad Singh Chandhok
- Fraud Amount
- Rs 30.47 crore
- Method
- Submitting forged remittance documents
- Victim
- Government
- Involved Firms
- Kumar Trading Company, National Trader, Trident Overseas India, HSC Exim India, AHC Auto Spares
- Location of Arrest
- Delhi
- Status
- Currently in judicial custody
