Remittance scam: Six arrested in Rs 6,000 crore payment scam, CBI raids in 14 places

News Desk, Amar Ujala, New Delhi

Published by: Surendra Joshi
Updated to Wednesday, 27 October 2021 08:05 PM IST

Summary

A chargesheet was filed in the case on December 12, 2015 against the then AGM, Bank of Baroda Foreign Exchange Officer.

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The CBI on Wednesday arrested six people in connection with the Rs 6,000 crore foreign exchange scam (REMITTANCE scam) seized at Bank of Baroda in 2015. The agency investigating the case also carried out 14 raids today.

CBI spokesperson RC Joshi said the chargesheet was filed against the then AGM, Bank of Baroda Foreign Exchange Officer on December 12, 2015 in the case.

They were arrested
The Central Bureau of Investigation (CBI) on Wednesday arrested Tanuj Gulati, Ish Bhutani, Ujjwal Suri, Honey Goyal, Sahil Wadhwa and Rakesh Kumar. They were arrested for questioning in connection with the trial of the case. In 2015, the CBI registered a case against several bank officials and others in this case. They are alleged to have paid over Rs 6,000 crore to Southeast Asian countries without importing any goods from the 59 current accounts of the Ashok Vihar branch in Delhi.

According to CBI sources, the Ashok Vihar branch is new and allowed foreign exchange transactions in 2013 itself. He said Rs 6,000 crore was paid through 8000 forex transactions between July 2014 and July 2015. A total of less than $ 100,000 was kept in each transaction.

Paid in Hong Kong
After the case was registered, the accused made all the foreign exchange payments in Hong Kong, officials said. This money was sent in advance for imports, these people are also recipients of money. All forex related transactions were done through a newly opened current account with huge cash deposits, but the bank branch did not monitor its Extraordinary Transaction Report (ETR) and large amount of transactions.

Expansion

The CBI on Wednesday arrested six people in connection with the Rs 6,000 crore foreign exchange scam (REMITTANCE scam) in Bank of Baroda in 2015. The agency investigating the case also carried out 14 raids today.

CBI spokesperson RC Joshi said the chargesheet was filed against the then AGM, Bank of Baroda Foreign Exchange Officer on December 12, 2015 in the case.

They were arrested

The Central Bureau of Investigation (CBI) on Wednesday arrested Tanuj Gulati, Ish Bhutani, Ujjwal Suri, Honey Goyal, Sahil Wadhwa and Rakesh Kumar. They were arrested for questioning in connection with the trial of the case. In 2015, the CBI registered a case against several bank officials and others in this case. They are alleged to have paid over Rs 6,000 crore to Southeast Asian countries without importing any goods from the 59 current accounts of the Ashok Vihar branch in Delhi.

According to CBI sources, the Ashok Vihar branch is new and allowed foreign exchange transactions in 2013 itself. He said Rs 6,000 crore was paid between July 2014 and July 2015 through 8000 forex transactions. A total of less than $ 100,000 was kept in each transaction.

Paid in Hong Kong

After the case was registered, the accused made all the foreign exchange payments in Hong Kong, officials said. This money was sent in advance for imports, these people are also recipients of money. All forex transactions were done with huge cash deposits through the newly opened current account, but the bank branch did not monitor its extraordinary transaction report (ETR) and large amount of transactions.

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