In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday. The group had been operating 48 shell companies to issue fake GST invoices worth Rs 900 crore, causing a revenue loss of approximately Rs 125 crore to the government.
The accused, including four scrap business owners, were issuing fraudulent GST bills without the movement of goods. The suspects, identified as Tasleem, Asif, Junaid, Asu, Moein, and Azeem, were arrested following an in-depth investigation led by SP (Dehat) Aditya Bansal. Authorities are now tracing others linked to the scam.
Muzaffarnagar SSP Abhishekh Singh explained that the gang used stolen or misused KYC details to create fake companies and bank accounts, which were then utilized to generate false GST invoices. The 48 shell companies involved in the scam issued GST bills amounting to Rs 925 crore, resulting in a reported revenue loss of Rs 135 crore.
The syndicate's fraudulent activities had been under scrutiny for some time, and further investigations are underway to uncover the full extent of the operation and additional individuals involved.
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