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Srinagar businessman arrested in carpet export scam

Last Updated on March 5, 2022 at 12:34 pm

In a major operation, the Ludhiana branch of the Directorate of Revenue Intelligence (DRI) has arrested a carpet businessman from Srinagar for allegedly claiming an incentive of about Rs 30 crore. Srinagar businessman allegedly claimed incentives of Rs 30 crore on the export of Rs 190 crore for carpet exports and he cheated government by exporting lower or inferior quality carpets and showed them as silk carpets.

The carpets were of lower quality but businessman claimed that they are of silk and he demanded incentives since on silk materials higher incentives are paid by government than on other materials. The accused has been identified as Irfan Rashid and is reportedly running four firms. He had been exporting carpets to Dubai since 2018.

Nitin Saini, Additional Director General of DRI gave instructions to DRI teams to investigate the matter. DRI officials produced Rashid before a concerned court which remanded him to fourteen days of judicial custody.

As per reports, many Srinagar-based firms export carpets and the DRI teams will look into their claims and the materials supplied by them. If anyone found guilty, action will be taken against them.