Quick Summary
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana, has earlier busted a case wherein total fake ITC of Rs 176 crore has been fraudulently passed on bySh. Sanjay Goel, Prop of M/s. Redamancy World, andSh.Deepak Sharma, the defacto controller of 8 non-existent firms
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FAQ :
The DGGI Gurugram Unit has arrested Manish Modi and Gaurav Agarwal. They were arrested following the earlier arrests of Sanjay Goel and Deepak Sharma.
Manish Modi is accused of fraudulently passing on fake ITC amounting to Rs 36 crore, and Gaurav Agarwal is accused of fraudulently passing on fake ITC amounting to Rs 15 crore. This brings the total for these two arrests to Rs 51 crore.
Manish Modi, a chartered accountant, allegedly managed and controlled fake firms to fraudulently pass on fake ITC. Gaurav Agarwal, a partner at an authorised dealer of ITC, was involved in fraudulently passing on fake ITC.
Shri Manish Modi and Sh. Gaurav Agarwal were arrested on 23.08.2021.
The DGGI Gurugram Unit has busted a total fake ITC fraud of Rs 176 crore, with the recent arrests of Modi and Agarwal contributing Rs 51 crore to this total.
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