Scamster Rastogi extradited to India
International scamster Narender Rastogi was on Friday brought to India from the US by a special CBI team. Rastogi, who served a sentence in the US in an international cheating case, will be produced in a special CBI court in Mumbai on Saturday.
Rastogi's extradition was made possible after he completed his sentence in the US. CBI officials said Rastogi will face trial in as many as 13 cases registered by the agency in Mumbai and Delhi.
A team led by DSP S Balasubramani was despatched to the US to bring Rastogi back. According to the CBI, Rastogi and his four brothers — Ravindra, Virendra, Subhas Chand and Rakesh — are guilty of duping government of more than Rs 54 crore in '80s and '90s.
"Investigations revealed that during the year 1989 to 1992, the Rastogi brothers had obtained 40 import licences for importing zinc, zinc oxide, copper sheet, copper foil and brass scrap. Thereafter, the brothers in criminal conspiracy with customs officil as posted at check posts on the Indo-Nepal border cheated the government of India to the tune of Rs 13 crore by falsely showing fulfilment of their export obligations of around Rs 75.74 crore on the basis of forged bills of entries and other customs documents," said a senior CBI official.
Later in the mid-nineties, the Rastogi brothers floated 14 firms and showed export of bicycle parts to Russia and Hong Kong. The bicycle parts, which comprised brake shoes, brake screws, handle levers and brake button, were grossly over-invoiced for the purpose of claiming undue and wrongful duty drawback in connivance with certain customs officials.
During the course of investigation, it was revealed that Narendra was the chief executive officer of Allied Deals Inc, a US-based firm, and a large number of over-invoiced consignments were shown to have been exported by their firms based in India to this firm. These consignments were sent to Russia and Hong Kong.
Source:TOI
Rastogi's extradition was made possible after he completed his sentence in the US. CBI officials said Rastogi will face trial in as many as 13 cases registered by the agency in Mumbai and Delhi.
A team led by DSP S Balasubramani was despatched to the US to bring Rastogi back. According to the CBI, Rastogi and his four brothers — Ravindra, Virendra, Subhas Chand and Rakesh — are guilty of duping government of more than Rs 54 crore in '80s and '90s.
"Investigations revealed that during the year 1989 to 1992, the Rastogi brothers had obtained 40 import licences for importing zinc, zinc oxide, copper sheet, copper foil and brass scrap. Thereafter, the brothers in criminal conspiracy with customs officil as posted at check posts on the Indo-Nepal border cheated the government of India to the tune of Rs 13 crore by falsely showing fulfilment of their export obligations of around Rs 75.74 crore on the basis of forged bills of entries and other customs documents," said a senior CBI official.
Later in the mid-nineties, the Rastogi brothers floated 14 firms and showed export of bicycle parts to Russia and Hong Kong. The bicycle parts, which comprised brake shoes, brake screws, handle levers and brake button, were grossly over-invoiced for the purpose of claiming undue and wrongful duty drawback in connivance with certain customs officials.
During the course of investigation, it was revealed that Narendra was the chief executive officer of Allied Deals Inc, a US-based firm, and a large number of over-invoiced consignments were shown to have been exported by their firms based in India to this firm. These consignments were sent to Russia and Hong Kong.
Source:TOI
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