IT Department Uncovers Rs 598 Crore Diamond Fraud in Rajasthan
Synopsis
In a startling revelation, the Income Tax Department has linked a roadside clothes presser in Ajmer to a massive Rs 598 crore diamond scam. Discover how this shocking fraud unfolded and the implications for the innocent victim caught in the crossfire.
Key Takeaways
Massive fraud of Rs 598 crore linked to diamond trading.
Local presser Jitendra Kumar is an innocent victim.
PAN card misuse raises concerns over identity theft.
Legal actions taken against the alleged perpetrator.
Incident highlights the need for financial vigilance.
Jaipur, April 9 (NationPress) A significant financial scandal has emerged in Ajmer as the Income Tax Department issued a notice to a local clothes presser regarding transactions surpassing Rs 598 crore associated with diamond trading.
The presser, Jitendra Kumar, who operates an ironing cart in the Ramnagar locality, was taken aback and alarmed upon receiving the notice on April 1, 2026. The transactions cited involved expensive diamond and jewellery dealings that greatly exceed his financial capabilities.
His attorney, Rakesh Thada, stated that Jitendra’s Permanent Account Number (PAN) card was reportedly misappropriated to facilitate these transactions, with suspicions directed towards a diamond trader from Pali. The Income Tax Department has also requested clarification from a manager at a private bank, suggesting potential complicity.
Jitendra expressed his ignorance regarding any such financial operations. Following legal advice, he discovered that a bank account had been established using his PAN, which served as the conduit for all transactions. He remarked, “I had no clue why I was sent such a notice.”
During the investigation, Jitendra found out that his PAN card had been lost for nearly two years. It is suspected that the perpetrator, identified as Shatrughan Singh from Pali, utilized the missing card to create the account.
Allegedly, transactions amounting to over Rs 598.50 crore were executed via this account. Further inquiries uncovered that the accused also secured a Goods and Services Tax registration with Jitendra’s PAN and established a company, M/s Manan Enterprises, in Surat, Gujarat, which was reportedly involved in diamond and jewellery trading.
An FIR has been filed against the suspect at Ganj Police Station in Ajmer. Jitendra lamented that this ordeal has disrupted his means of livelihood, explaining that he has spent the past week shuttling between the police and legal representatives.
Point of View
Highlighting the need for robust systems to prevent such frauds.
NationPress
14 Jul 2026
Frequently Asked Questions
What is the diamond scam about?
The diamond scam involves over Rs 598 crore in fraudulent transactions linked to a roadside clothes presser’s misused PAN card.
Who is Jitendra Kumar?
Jitendra Kumar is a local clothes presser in Ajmer who has been falsely implicated in a financial fraud involving diamond trading.
What actions have been taken against the accused?
An FIR has been registered against the accused, Shatrughan Singh, at Ganj Police Station in Ajmer.
How did Jitendra's PAN card get misused?
Jitendra’s PAN card was allegedly used to open a bank account and conduct fraudulent transactions without his knowledge.
What impact has this incident had on Jitendra?
The incident has severely disrupted Jitendra's livelihood, forcing him to navigate legal and police challenges.
