EOW arrests man in BharatPe fraud case

Quick Summary:

Amit Kumar Bansal was arrested on August 6 by the Economic Offences Wing (EOW) of the Delhi Police, and will be produced before court on Monday.

It has accused Grover and his family of causing losses to the firm to the tune of about Rs 81.3 crore through illegitimate payments to bogus human-resource consultants, inflated and undue payments through pass-through vendors connected to the accused, sham transactions in input-tax credit and payment of penalty to Goods and Services Tax (GST) authorities, illegal payments to travel agencies, invoices forged by Jain and destruction of evidence.

They said Amit Kumar Bansal was arrested on August 6 and produced before a court that sent him to police custody for six days.

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Article Details

Author / Journalist: Team YS

Category: StartupsEconomyBusiness

Markets: India

Topics: Policy Information Grover Police Privacy Delhi Accused Court Bharatpe Jain Vendors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 05:41:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 16 lines

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Copyright Owner: © YourStory

News ID: 22004004

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