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Financial Fraud In Ajmer Unveiled Through Rs 598 Crore Transactions Linked to Diamond Trading

Indian Community Editorial TeamBy Indian Community Editorial TeamApril 8, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
Financial Fraud In Ajmer Unveiled Through Rs 598 Crore Transactions Linked to Diamond Trading
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A significant financial fraud has been discovered in Ajmer following the Income Tax Department’s notification to a roadside clothes presser regarding transactions surpassing Rs 598 crore associated with diamond trading. Jitendra Kumar, the presser operating an ironing cart in the Ramnagar area, was startled and anxious upon receiving the notice on April 1, 2026. The transactions mentioned in the notice involved substantial diamond and jewellery deals that were well beyond his financial capacity.

Jitendra’s lawyer, Rakesh Thada, revealed that Jitendra’s Permanent Account Number card was purportedly misused to conduct these transactions, with suspicions pointing towards a diamond trader from Pali. Additionally, the Income Tax Department has requested an explanation from a private bank manager, hinting at potential collusion. Jitendra expressed his ignorance of any such financial activities and discovered that a bank account had been opened using his Permanent Account Number, through which all transactions were processed.

Upon investigation, Jitendra realized that his Permanent Account Number card had been missing for almost two years, leading to suspicions that the accused, identified as Shatrughan Singh from Pali, utilized the lost card to establish the account. Allegedly, transactions exceeding Rs 598.50 crore were carried out through this account. Further probing unveiled that the accused also acquired a Goods and Services Tax registration using Jitendra’s Permanent Account Number and established a firm, M/s Manan Enterprises, in Surat, Gujarat, engaged in diamond and jewellery trading.

An FIR has been lodged against the accused at Ganj Police Station in Ajmer, significantly impacting Jitendra’s livelihood. He mentioned that he has been shuttling between the police and lawyers over the past week due to this incident.

Ajmer Ganj Police Station Goods and Services Tax Gujarat Income Tax Department Jitendra Kumar M/s Manan Enterprises Pali Rakesh Thada Shatrughan Singh Surat
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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