Noida: Three more gang members held in Rs.10K-cr GST fraud
The Noida police said on Saturday that they have arrested three more members of a gang allegedly involved in a Rs. 10,000 crore Goods and Services Tax (GST) fraud that came to light in June last year, bringing the total number of people apprehended in the case to 44.
The suspects have created at least 100 fake firms in the last two years to generate fake invoices and avail input tax credit on them, said police. They sold these companies to businessmen who wanted to evade tax by availing GST input tax credit on the fake companies, said officers.
The arrested suspects were identified as Shubham Jindal, 30, Tarunn Jindal, 32, and Kaushik Jain, 35.
“The three were arrested by the Sector 20 police team on Saturday from their homes. Their names came to light during investigation into the fraud and they had been absconding since then. In January, a reward of Rs. 25,000 was declared on each of them by the commissionerate,” said deputy commissioner of police (crime) Shakti Avasthy.
