Fugitive businessman Harshit Jain brought back from UAE in tax evasion and money laundering case
September 05, 2025 10:03 PM IST

Fugitive businessman Harshit Jain brought back from UAE in tax evasion and money laundering case

The Central Bureau of Investigation (CBI) has successfully deported fugitive businessman Harshit Jain from the United Arab Emirates in connection with a high-profile tax evasion and money laundering case. Jain had been absconding for months and was on the radar of multiple investigative agencies.

According to officials, Jain is accused of creating a network of shell companies to siphon off funds and evade taxes worth several crores. The case also involves alleged violations of foreign exchange regulations and the laundering of money through overseas accounts.

After sustained coordination between Indian and UAE authorities, Jain was tracked down and deported to India. Upon arrival, he was taken into custody by the CBI for questioning. Officials confirmed that he will be produced before a special court and further custodial interrogation will be sought to unravel the extent of the financial irregularities.

Investigators believe Jain’s operations were part of a larger nexus of white-collar crimes involving hawala transactions and benami assets. More arrests and seizures are likely as the probe expands.

The CBI has assured that the case will be pursued rigorously, underscoring its commitment to bringing back economic offenders who attempt to evade Indian law by fleeing abroad.

TV 19 Network NEWS FEED

Kulman Ghising Tipped as Strong Contender for Nepal Prime Minister Role

Kulman Ghising Tipped as Strong Contender for Nepa...

Kulman Ghising, credited with ending Nepal’s power cuts and reforming the energy...

NATO responds to overnight drone attack near Polish border

NATO responds to overnight drone attack near Polis...

NATO forces successfully intercepted a large-scale overnight drone raid launched...

Priya Sachdev’s lawyer points to Karisma Kapoor’s long absence in Sunjay Kapur estate battle

Priya Sachdev’s lawyer points to Karisma Kapoor’s...

Priya Sachdev’s lawyer has questioned Karisma Kapoor’s absence from Sunjay Kapur...

Qatar Asserts to UN: No Tolerance for ‘Reckless Israeli Behaviour’

Qatar Asserts to UN: No Tolerance for ‘Reckless Is...

Qatar has strongly condemned what it describes as a “cowardly criminal assault”...

ED Arrests Karnataka Congress MLA Satish Sail in Iron Ore Case

ED Arrests Karnataka Congress MLA Satish Sail in I...

Karnataka Congress MLA Satish Krishna Sail has been arrested by the Enforcement...