Overview

• Singh was deported from the United States and arrested by the Delhi Police’s Economic Offences Wing on June 2, 2025, and is in judicial custody.
• A January 2017 complaint by ICICI Bank prompted the investigation after its Naraina branch detected 467 forged Foreign Inward Remittance Certificates submitted by 18 account holders.
• Investigators allege Singh, his father Surinder Singh, and brother Harsahib Singh operated five export firms to secure Bank Realisation Certificates using forged FIRCs.
• The forged documents were used to claim duty credit scrips worth Rs 30.47 crore, which were later sold in the open market, causing a corresponding loss to the exchequer.
• Three co-accused have been arrested and charge-sheeted, and detectives are now probing possible collusion by officials at ICICI Bank and Corporation Bank.