EOW Files Charges Against Absconding Duo in ₹34.7 Lakh Dubai Export Fraud Case

Key Accused Remain Untraceable as Investigation Deepens

The Economic Offences Wing has officially charged two individuals who have allegedly played central roles in a ₹34.7 lakh export fraud involving fabricated shipment documents and false transactions tied to a Dubai-based trading arrangement.
Authorities report that both suspects have been untraceable despite repeated summons, leading to further legal action to ensure their eventual appearance in court.

Fraud Built on Fake Export Invoices and Misrepresentation

According to investigators, the accused orchestrated a scheme that revolved around the creation of fake export invoices and manipulated paperwork to show shipments that never took place.
The fraudulent documents were used to trigger payments, mislead business partners, and generate financial gains through deceitful export claims.

The scheme came to light after discrepancies emerged during routine verification of export data and payment trails.

Financial Losses and Misuse of Trade Channels

The fraudulent transactions resulted in a loss of nearly ₹34.7 lakh to the affected company, which relied on the accused for legitimate export operations.
Officials believe the duo exploited international trade channels—particularly the trust-based nature of outsourcing export processes—to carry out the deception.

The investigation highlights the growing vulnerability of cross-border trade arrangements where documentation often determines the movement of funds.

Legal Proceedings Intensify

With the accused still absconding, the agency has initiated additional steps, which may include requesting proclamation orders and asset freezing measures.
Such actions aim to prevent the suspects from benefiting further from the proceeds of the fraud and to pressure them into complying with investigative requirements.

EOW Strengthens Focus on Trade-Related Crimes

The case reflects a wider focus by enforcement agencies on export and import frauds, which have increased alongside expanding global trade.
Authorities emphasize the importance of stringent verification of shipment records, third-party checks, and stronger documentation norms to combat similar schemes.

Shunyatax Global Insight

Export-related financial scams continue to expose significant weaknesses in trade documentation, cross-border verification, and partner due diligence.
For businesses engaging in international trade, stricter oversight and digital tracking mechanisms have become essential to avoid losses and prevent misuse of export channels.

For expert analysis on financial crimes, compliance trends, and international trade risks, stay informed with Shunyatax Global Services.