The ED intercepted Rafiq Khan on the Jaipur airport in Rajasthan and arrested him in a cash laundering case linked to the duping of US residents beneath the pretext of offering loans.

Rajasthan Information: The Enforcement Directorate (ED) Friday stated they arrested a person accused of scamming Americans by way of name centres by them promising loans at decrease rates of interest. The ED, which probes monetary crimes, intercepted the accused, Rafiq Khan, on the Jaipur airport in Rajasthan, and arrested him in a cash laundering case linked to the duping of US residents beneath the pretext of offering loans, the company stated in a press release on Friday.

The central probe company stated that Khan, who was absconding for the reason that ED cracked down on his co-conspirators earlier, was making an attempt to flee the nation to to Sharjah within the UAE, when he was intercepted and brought into custody beneath the Prevention of Cash Laundering Act (PMLA) earlier this week.

Rafiq Khan is without doubt one of the co-conspirators behind some faux name centres that cheated US residents within the guise of loans that have been being dished out at cheaper charges of curiosity, the ED stated in a press release, including that the company had earlier arrested three different accused– Shahanawaz Ahmed Jeelani, Vipin Kumar Sharma and Viraj Singh Kuntal, within the case.

They’re in judicial custody and a cost sheet beneath the PMLA was filed towards them in August 2023, the probe company stated.

‘Deliberate conspiracy’

As per particulars supplied by varied legislation enforcement companies, the ED’s case case stems from varied FIRs of the Rajasthan Police’s Anti-terrorist Squad (ATS) and the Particular Operations Group (SOG).

The probe company stated the accused had hatched a “well-planned conspiracy” to dupe foreigners by way of name centres and US-based financial institution accounts which have been being operated from varied locations in India.

“There was a well-planned conspiracy by the accused to defraud overseas nationals by opening digital name centres and financial institution accounts within the USA which have been being operated from Jaipur, Mohali, Mathura and another elements of India,” it stated.

“The proceeds of crime generated had been routed by way of varied Indian and overseas financial institution accounts opened within the identify of accused individuals and shell firms registered by them,” the company alleged.

It stated the proceeds of crime generated on this case have been “in the end invested in properties to undertaking them as real and untainted.”

(With PTI inputs)