Latest news with #AnkitBansal
RNZ News
05-08-2025
- Business
- RNZ News
Dairies providing cash as banks restrict access
Dairies say they are having to act like banks as more and more customers ask to get cash-out with their purchases, and local banks reduce services and access to cash. Dairy and Business owners group's Ankit Bansal spoke to Charlotte Cook. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
RNZ News
29-07-2025
- Business
- RNZ News
Dairy and Business Owners Group on scrapping card surcharges
Small businesses say the government's payment surcharge changes are unfairly targeting them and it should instead be putting pressure on banks. Dairy and Business Owners Group chairperson Ankit Bansal spoke to Charlotte Cook. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
Time of India
18-06-2025
- Business
- Time of India
GST Fraud: Raj HC denies bail in 704 crore ITC scam
Jaipur: The on Wednesday dismissed the bail application of Ankit Bansal, accused of masterminding a GST fraud involving over Rs 704 crore in fake Input Tax Credit (ITC). The case stems from an FIR registered by the Directorate General of GST Intelligence (DGGI), Jaipur Zonal Unit, alleging large-scale tax evasion through a network of 353 fake firms. Tired of too many ads? go ad free now It was argued by the standing counsel for DGGI that Bansal, along with his associate Rajesh Goyal, orchestrated a racket using non-existent firms to issue bogus invoices and launder money. During raids, unaccounted cash worth Rs 2.41 crore was seized, and statements from multiple individuals implicated Bansal as the kingpin. Bansal was arrested on June 3, 2024. His counsel argued that the arrest violated constitutional rights, claiming he was held in custody illegally and not produced before a magistrate within 24 hours. However, the court noted that arrest procedures were followed as per the CGST Act, and the magnitude of the fraud warranted custodial interrogation. The prosecution argued that Bansal created fake firms using forged documents, including stolen PAN and identity cards, to pass on fraudulent ITC. The court ruled that the quantum of evasion and its implications on the country's financial integrity justified the denial of bail. The bench of Justice Anand Sharma denied bail citing the magnitude of the fraud, the serious impact on the country's financial system, and the potential to influence witnesses and tamper with evidence. The court ruled that in economic offences, the scale of the siphoned amount reflects the severity of the crime and the need for continued custody to safeguard the integrity of the investigation.
Time of India
12-05-2025
- Time of India
Shamli trader gets Rs 20 lakh extortion threat, probe on
Shamli: A local trader in Shamli received an extortion letter on Monday morning demanding Rs 20 lakh and threatening harm to his children if the amount was not paid. A written complaint has been filed against an unidentified Bansal, who runs Priya Mobile at Fawwara Chowk, found a computer-typed letter inside his shop when he arrived to open it. The letter not only demanded money but also included specific details about his recent financial transactions, suggesting the sender had knowledge of his business dealings."The threat has created panic in my family. However, we trust the police and believe the culprit will be caught soon," Bansal have launched an investigation and are reviewing CCTV footage from the area. The incident has triggered concern among local traders, who are demanding swift action.A local trader leader Ankit Bansal said a formal complaint was submitted to the SP. "We strongly protested and demanded the immediate arrest of the accused to ensure the safety of the business community," he Ramsevak Gautam said police teams have been deployed to investigate. "We are treating the case with utmost priority and are confident of a breakthrough soon," he added.
