DRI arrests dealer Yogesh Agarwal in black money case

New Delhi: The Delhi branch of Directorate of Revenue Intelligence (DRI) on Thursday arrested Rimjim Ispat Ltd. owner Yogesh Agarwal on the charge of central excise duty and tax evasion due to the transactions of Rs. 2399 crore.

It could be counted as one of the major actions by the Central government regarding black money.

The matter:

Yogesh is charged of operating five Kanpur based bogus companies from which he has done transactions of Rs. 2399 crore.

Yogesh Agarwal had fled abroad after which Delhi branch of DRI had done surveillance of the former. When Yogesh landed to Delhi on Wednesday, police arrested him.

Interestingly, Yogesh was also running five secret offices in Kanpur.

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