DRI probing garment exporters,bank men

While the case has come to light recently,it has been learnt that these businessmen are being called for questioning by the Directorate of Revenue Intelligence from time to time and have even been barred from leaving the country.

Sources said that these businessmen had been using fake highly inflated bills to secure incentives like duty drawbacks on the garments they exported to the Middle East. It has also come to light that these exporters were picking up very sub-standard garments from the city and exporting them with their prime aim being just to avail of these duty drawbacks,which are as high as 3 per cent in some of the Middle East nations.

The Directorate of Revenue Intelligence has raided places in New Delhi and Ludhiana and unearthed firms created by this businessman. However,sources within business circles here in the city say that this scam is much more than what the DRI has been able to nail so far.

Fake companies,inflated bills and even a parallel banking system wherein these garment exporters lent money to other exporters at high rates of interest,too,will come to light.

Apart from this,officials of a well known nationalised bank located in the Cheema Chowk area of the city may also face the law for loaning crores of money to these exporters.

Sources in the Directorate of Revenue Intelligence said that these businessmen may face some serious charges for money laundering deals with foreign exchange as money was brought into the nation through hawala.