Quick Summary
In a significant development, the Noida police have executed a district court order to attach immovable assets belonging to two Delhi-based individuals accused of orchestrating a massive GST fraud amounting to nearly ₹10,000 crore. This action comes in the wake of an extensive investigation launched
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FAQ :
The GST fraud uncovered is valued at nearly ₹10,000 crore.
Immovable assets belonging to two individuals, valued at ₹5 crore, have been seized.
The syndicate registered thousands of bogus companies using stolen or fake identities to generate e-way bills and illicitly obtain input tax credit from the government.
Twenty-nine suspects have been arrested in connection with the fraud.
Two thousand six hundred and sixty bogus companies have been exposed as being linked to the fraudulent activities.
The district court issued 21 attachment warrants against seven absconding suspects, leading to the seizure of their assets. Properties worth over ₹25 crore have been identified for attachment.
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