7 arrested in 900 crore GST scam crackdown
Agra: A significant GST fraud syndicate was uncovered as Uttar Pradesh police arrested seven individuals involved in a large-scale scam on Tuesday in Muzaffarnagar. The gang had been running 48 shell companies to issue fake GST bills amounting to Rs 900 crore without the actual movement of any goods. The fraud has led to a reported revenue loss of Rs 125 crore to govt.
The accused, including four scrap business owners, used these shell companies to issue fraudulent GST invoices for themselves and others.
According to police, they had been under investigation for a while, and after a detailed probe, officers managed to apprehend the suspects. Authorities are now tracing additional individuals connected to the scam. Investigations are ongoing to reveal the full extent of the operation.
