Quick Summary
The Anti-Corruption Bureau (ACB) has arrested three individuals in connection with a ₹175 crore Goods and Services Tax (GST) refund scam. The arrested include Farooq Shaikh, Farooq Contractor, and state sales tax officer Amit Lalge. They are accused of submitting fraudulent export documents for 16 c
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The ACB has arrested Farooq Shaikh, Farooq Contractor, and state sales tax officer Amit Lalge in connection with the scam.
The fraudulent GST refund claims total ₹175 crore.
They are accused of obtaining personal details of unemployed individuals, creating fictitious companies in their names, and submitting fraudulent refund applications with fake export documents.
Sales tax officer Amit Lalge is accused of abusing his official position by approving tax return files exceeding ₹5 lakh without proper authorisation, facilitating the fraudulent refunds.
Farooq Shaikh, a known fraudster previously involved in other large-scale fraud cases, is alleged to have orchestrated this scam.
The scam was uncovered after an internal audit by the sales tax department revealed that 16 companies had applied for tax refunds without having paid any tax.
CAclubindia
