The arrested have been identified as 30-year-old Akib Javed, a resident of Kanpur city in Uttar Pradesh.
In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.
Conwoman, R Seetha Lakshmi, is now cooling her heels behind bars with at least four cases, related to cheating bank customers against her.
The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms and code of conduct for opening and operating current accounts.
635 employees from Hyderabad unit of fugitive diamantaire Mehul Chowksi owned Gitanjali gems left in the lurch
While Choksi fled the country, employees received neither pending salaries nor PF amount.
Two smartphones, Rs 30,000 cash and 20 ATM cards have been seized from the accused.
SIT officials, who arrested DC Vijayashankar in connection with the IMA fraud case, unearthed an alleged corruption case, in which the DC had taken a bribe of Rs 1 crore.
A 48- year-old accused involved in several bank fraud cases was finally nabbed by the CBI sleuths and produced at a CBI special court here.
Such traders are non-existing, bogus dealers who got registration in GST to defraud the government exchequer by issue and use of fake invoices.
The Special Investigation Team (SIT), looking into the I Monetary Advisory (IMA) case on Monday made its most highprofile arrest so far.
The process of refunding the complainants who were duped by fraud telecallers in Malkangiri district of Odisha has been started by the cyber cell of Malkangiri.
The Vijayawada police recovered Rs 20 lakh in cash and 2 kg gold worth Rs 61 lakh from the employee posted at Paritala branch of SBI.
Questioning revealed that they had managed to withdraw Rs 3.95 crore belonging to an NGO by creating a fake cheque.
43-year-old Kale Jagdish Purushottam forged signatures to siphon off USD 10 million from his present clients and made more unauthorised transactions to recover and replace the sum.
Priya Agarwal, whose online order worth Rs 79 was cancelled, ended up spending Rs 5000-instalments to a trickster who promised to resolve the issue.