The CBI claims that around 30 fugitives were successfully brought to India under the operation since its launch last year.
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
CBI Arrests Pearls Group Director Harchand Gill In Multi-crore Ponzi Scam
Gill was brought from Fiji late Monday night after being deported from the archipelago under 'Operation Trishul' which was launched by the Central Bureau of Investigation (CBI)
Topics
CBI | pearls | Ponzi scam
The CBI has arrested Harchand Singh Gill, a director of the Pearls Group, who was deported from Fiji in connection with a multi-crore ponzi scam allegedly orchestrated by his company, officials said on Tuesday.
Gill was brought from Fiji late Monday night after being deported from the archipelago under 'Operation Trishul' which was launched by the Central Bureau of Investigation (CBI) to bring back fugitives living abroad, they said.
The CBI claims that around 30 fugitives were successfully brought to India under the operation since its launch last year.
The operation aims to geo-locate proceeds of crimes and fugitives with the help of Interpol and bring them back.
The agency started the investigation against the Pearls Group and its founder Nirmal Singh Bhangoo on February 19, 2014 on the allegations of cheating crores of gullible investors by offering them land in return of their investments.
The agency has alleged that over Rs 60,000 crore was siphoned off by the company by duping these investors across the country.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Tue, March 07 2023. 14:01 IST
RECENT NEWS
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more