Noida CA held for ₹168 crore fake bank guarantee scam

The accused was detained by the immigration officials at the Indira Gandhi International Airport in Delhi after he returned from Kuwait, the police said.

BySouth First Desk

Published Mar 27, 2024 | 3:14 PMUpdatedMar 27, 2024 | 3:14 PM

A chargesheet was filed on 18 May 2007 against three accused in the bank fraud case. (Creative Commons)

A Noida-based Chartered Accountant has been arrested for allegedly duping 11 private companies by giving them fake electronic bank guarantees worth ₹168 crore, Bengaluru police said on Wednesday, 27 March. The accused was detained by immigration officials at the Delhi airport after he returned from Kuwait, they said. The Bengaluru police had issued a lookout notice against him in February.

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