https://www.taxtmi.com/news?id=58193 A structured social media investment fraud ring used fake companies, forged IDs, staged returns, and multiple mule bank accounts to dupe investors. Operatives created fake KYC documents, manipulated GST filings, and opened accounts with insider help; bank employees allegedly bypassed KYC norms and accepted bribes to facilitate fraudulent account operations. Law enforcement arrested several suspects, seized digital and documentary evidence, identified numerous mule accounts and fake firms, and is tracing absconding accomplices while forwarding evidence to the Reserve Bank for regulatory action and pursuing fund recovery. en-us Wed, 08 Oct 2025 18:46:02 +0530 Wed, 08 Oct 2025 18:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58193 A structured social media investment fraud ring used fake companies, forged IDs, staged returns, and multiple mule bank accounts to dupe investors. Operatives created fake KYC documents, manipulated GST filings, and opened accounts with insider help; bank employees allegedly bypassed KYC norms and accepted bribes to facilitate fraudulent account operations. Law enforcement arrested several suspects, seized digital and documentary evidence, identified numerous mule accounts and fake firms, and is tracing absconding accomplices while forwarding evidence to the Reserve Bank for regulatory action and pursuing fund recovery. News - Wed, 08 Oct 2025 18:46:02 +0530 https://www.taxtmi.com/news?id=58193