"Pay 20 Crores": Nippon Paints Targeted By Gang Posing As Probe Agency ED
NDTV
The fraudsters had sent fake summons to top officials of the Mumbai-based company, asking them to appear for an inquiry to prevent money laundering
In a joint operation, officers from the Enforcement Directorate (ED) and Delhi Police have busted an inter-state gang of fraudsters that had tried to extort around Rs 20 crore from a Japanese company in Mumbai over fake ED summons sent to the company's top executives.
According to the police, the Mumbai-based gang had sent fake summons to the president and director of Nippon Paints in Mumbai, directing them to appear at the Delhi office of ED and attend an inquiry under the Prevention of Money Laundering Act (PMLA).
The gang members then contacted the company officials and claimed that they were well-connected with some ED officials and could help "settle" the matter for Rs 15-20 crore.
When the company executives got suspicious and informed ED about the "summons" and the offer to "settle" the matter, the attempted forgery came to light.
