Massive Financial Scam Uncovered: Rs 382 Crore Tax Notice Exposes Aadhaar, PAN Misuse

A real estate agent from Diva, Thane, was shocked to receive an income tax notice accusing him of conducting transactions worth Rs 382 crore. An investigation revealed a massive financial scam involving fraudulent bank accounts and proprietary firms set u

Financial ScamAadhaar MisusePan MisuseMoney LaunderingIdentity TheftReal Estate MumbaiSep 23, 2024

Massive Financial Scam Uncovered: Rs 382 Crore Tax Notice Exposes Aadhaar, PAN Misuse

Real Estate Mumbai:A real estate agent from Diva, Thane, was living a modest life in a chawl when he received a shock of his life - an income tax notice accusing him of conducting transactions worth a whopping Rs 382 crore. The unsuspecting agent soon learnt that he had become a victim of a massive financial scam involving fraudulent bank accounts and proprietary firms set up in his name for money laundering purposes.

The ordeal began in 2022 when the complainant was approached by an acquaintance who offered him a job at a monthly salary of Rs 20,000. The prime accused, along with two others, asked for his Aadhaar card, PAN card, photos, and a signed cheque. The trio allegedly used these documents to open multiple bank accounts and set up fake firms, including a proprietorship firm. These accounts were used for huge monetary deals to the tune of Rs 382 crore.

The scam came to light when the complainant received a notice from the Income Tax Department, asking him to explain the massive financial activity under his name. He approached the cyber crime police, who registered a case and began an investigation into the matter.

The police said the accused had used the complainant's documents to orchestrate the scam, facilitating illegal financial operations and money laundering through fake firms.

Frequently Asked Questions

What is the incident about?

A real estate agent from Diva, Thane, received an income tax notice accusing him of conducting transactions worth Rs 382 crore. An investigation revealed a massive financial scam involving fraudulent bank accounts and proprietary firms set up in his name for money laundering purposes.

How did the scam happen?

The accused used the complainant's documents, including his Aadhaar card, PAN card, photos, and a signed cheque, to open multiple bank accounts and set up fake firms.

What is the role of the Income Tax Department in this case?

The Income Tax Department issued a notice to the complainant, asking him to explain the massive financial activity under his name.

What is the warning given by the police?

The police have warned the public about sharing personal documents and to verify the authenticity of any communication from banks or financial institutions.

What is the importance of this incident?

The incident highlights the importance of being cautious while sharing personal documents and the need for strict verification processes to prevent such scams.