Massive 650 Crore Fraud Uncovered in Ghaziabad: CGST Arrests Two Key Suspects
A 650 crore fraud uncovered in Ghaziabad by CGST. Two suspects arrested for fake billing and tax evasion through 120 bogus companies.
In a significant crackdown on financial misconduct, the Central Goods and Services Tax (CGST) department has uncovered a massive fraud scheme in Ghaziabad amounting to ₹650 crore. Under the leadership of CGST Ghaziabad Commissioner Sanjay Lawania, authorities arrested two key suspects, Gaurav Tomar and Chhatrapal Sharma, who are accused of orchestrating this extensive fraud.
The investigation revealed that the duo operated through 120 fictitious companies, generating a staggering turnover of ₹650 crore. They engaged in fake billing practices, issuing fraudulent invoices totaling ₹110 crore while never supplying any goods. This elaborate scheme involved creating multiple companies, all registered under a single mobile phone number, which facilitated the management of One Time Passwords (OTPs) for various transactions.
The CGST officials recovered several mobile phones and laptops during the operation, which further corroborated the suspects' involvement in the fraudulent activities. The arrested individuals were subsequently taken into police custody in Meerut, as investigations continue to unravel the extent of this elaborate scam.
This incident underscores the increasing vigilance of tax authorities in combating tax evasion and fraudulent activities, especially as the nation continues to enhance its economic framework. The CGST department's swift action not only aims to penalize those involved but also serves as a warning against such illegal practices in the future.
