Minors Receive I-T Notices in Money Transfer Probe===
The Income Tax (I-T) Department has issued notices to a group of minors in the ongoing investigation into a money transfer scam. Several individuals under the age of 18 have been caught up in the probe, with investigators alleging that they were used as conduits to transfer illicit funds. The minors have been asked to provide details of their income and transactions to assist with the investigation.
Minors Caught in Money Transfer Investigation
The money transfer scam being investigated by the I-T Department involves the illegal transfer of funds from abroad to India. The funds are then allegedly laundered through shell companies and used to purchase properties and other assets. Investigators have identified a network of individuals involved in the scam, including several minors who were allegedly used to transfer funds.
According to sources, the minors were lured into the scam with promises of easy money. They were asked to provide their bank account details and were then used to transfer funds from foreign accounts to Indian accounts. The minors were reportedly paid a commission for each transfer they made.
I-T Department Sends Notices to Underage Individuals
The I-T Department has sent notices to several underage individuals as part of its investigation into the money transfer scam. The notices require the minors to provide details of their bank accounts and transactions, as well as their income sources. The minors have also been asked to explain their involvement in the alleged money transfers.
The I-T Department has warned that individuals involved in such scams could face serious consequences, including prosecution and penalties. The Department has urged the public to be cautious and to report any suspicious transactions to the authorities.
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The involvement of minors in the money transfer scam highlights the need for greater awareness of financial fraud and the risks associated with it. The I-T Department’s investigation serves as a reminder that anyone, regardless of age or background, can be targeted by fraudsters. It is important for individuals to be vigilant and to report any suspicious activity to the authorities.
