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GST fake billing scam: Investigation reveals bogus transactions worth Rs 2,000 crore

  • 05 Aug 2021
  • Garima
  • 423

The proportion of fraud in the Rs 900-crore fake billing scam, involving metal trading firms in Bhavnagar, is growing bigger as investigation progresses. After inspecting accounts of fake transactions from electronic devices seized from key accused Afzal Sajwani’s residence in Juhapura, the involvement of some 200 shell companies was found, according to sources privy to the investigation.

Raids, searches, arrests and probe into the case is underway since July 7, and revelation from electronic documents seized from Sajwani’s residence suggest that the scam could involve generation and distribution of bogus bills valued at Rs 2,000 crore. Sources said it could be one of the biggest fake billing scams reported in Gujarat since the new regime rolled out.

So far, the department has made some nine arrests in connection with the case. The most recent one being the scam mastermind Mohammad Meghani alias MM, who was arrested from Bhavnagar on Sunday.

SGST department officials launched a manhunt for Meghani as his name figured in most of the electronic accounts seized from Sajwani’s residence. Based on intelligence inputs, SGST officials learned that he was at a hideout in Bhavnagar. A team of inspectors and SGST officials surrounded the house and nabbed the key accused.

Source- https://timesofindia.indiatimes.com/city/ahmedabad/200-shell-cos-may-be-involved/articleshow/85018173.cms

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