DGGI Arrests Mastermind Behind Rs.230-crore GST Fraud
Upon directions received from the fake website, the victim installed fraud applications that mirrored' all the details including mobile and banking details stored in his phone on the website enabling the accused to steal an amount of Rs 1.50 lakh from the victim's account online. (Representational Image)Upon directions received from the fake website, the victim installed fraud applications that mirrored' all the details including mobile and banking details stored in his phone on the website enabling the accused to steal an amount of Rs 1.50 lakh from the victim's account online. (Representational Image)Visakhapatnam: The directorate general of GST intelligence (DGGI) has arrested a man accused of orchestrating a massive GST fraud involving fake invoices worth Rs.230 crore, resulting in a loss of Rs.35 crore to the government treasury. Mohammad Saheem V., a native of Pernambut, Vellore, was apprehended in Hosur, Tamil Nadu, is allegedly the mastermind behind tax evasion scheme spanning three states - Andhra Pradesh, Tamil Nadu and Karnataka. The accused reportedly created over 80 shell companies using stolen identities of unsuspecting individuals to generate fraudulent input tax credit claims. According to IRS additional director N. Mohammed Ali, the accused generated bogus invoices without any actual supply of goods or services, enabling receiving firms to evade tax payments and illegally reduce their GST liabilities.
Visakhapatnam: The directorate general of GST intelligence (DGGI) has arrested a man accused of orchestrating a massive GST fraud involving fake invoices worth Rs.230 crore, resulting in a loss of Rs.35 crore to the government treasury.
Mohammad Saheem V., a native of Pernambut, Vellore, was apprehended in Hosur, Tamil Nadu, is allegedly the mastermind behind tax evasion scheme spanning three states - Andhra Pradesh, Tamil Nadu and Karnataka. The accused reportedly created over 80 shell companies using stolen identities of unsuspecting individuals to generate fraudulent input tax credit claims.
According to IRS additional director N. Mohammed Ali, the accused generated bogus invoices without any actual supply of goods or services, enabling receiving firms to evade tax payments and illegally reduce their GST liabilities.
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