Legal

Delhi Police busts gang involved in stealing licences of export firms

Updated : July 28, 2020 09:17 AM IST

The gang operated across the country through a network of Export-Import Bank of India agents.

Elaborating on the modus operandi, the officer said the accused used the Import Export Code (IEC Code) of a firm to extract information about the company's directors, its activities and the duty rebate due.

The Delhi Police's Cyber Cell has busted a gang involved in allegedly stealing licences of multiple export companies by fraudulently using their information, officials said on Monday. The police had initiated a probe after receiving complaints last year from four different garment export firms alleging that their licences of duty rebate on garment exports (RoSCTL) had been stolen from the Directorate General of Foreign Trade (DGFT) website and transferred to multiple beneficiaries using fake Digital Signature Certificate (DSC) keys, they said.

The accused made DSC keys of more than 100 export firms and licences worth Rs 3.4 crore were siphoned off from multiple export firms, the police said.

As per government guidelines, export firms are entitled to certain benefits which are offered as incentives for encouraging inflow of foreign exchange and the same can be claimed by the exporter. The entire process is done online on DGFT's website.

"Based on the technical analysis, we have arrested seven people. One of the accused, a certified chartered accountant, who operates from Pune, was arrested from Balaghat in Madhya Pradesh while others are residents of Delhi-NCR," Deputy Commissioner of Police (Cyber Cell) Anyesh Roy said.

The gang operated across the country through a network of Export-Import Bank of India agents and around 107 instances of generating DSC key by fraudulent means have been observed during investigation, he said.

"They used fake documents and during video verification, impersonated the company directors to get the key. The fraudulently obtained DSC key was used to log into the DGFT website and generate the rebate licence. This licence was then transferred to fictitious firms," he added.

Delhi Police busts gang involved in stealing licences of export firms

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