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Delhi businessman arrested in GST Fraud Case, Claimed ITC through 35 fake companies

Last updated: 13 April 2024

On Wednesday, the Sector 20 police arrested Tushar Gupta, a multimillionaire and resident of Tilak Nagar in Delhi, who runs a packaging factory in north-west Delhi. Gupta is accused of claiming input tax credit (ITC) fraudulently through 35 dummy companies, causing a loss of ₹24 crore to the government exchequer.

The police have seized ₹24 crore from his bank account.Gupta was arrested in July by the GST department for GST offences and let out on bail two months later. However, the Noida police arrested him again on Wednesday for his alleged involvement in the ₹10,000 GST irregularities case.

Delhi businessman arrested in GST Fraud Case, Claimed ITC through 35 fake companies

The police have been investigating the case since June last year when they busted a gang suspected of orchestrating the multi-crore fraud. The gang would register thousands of bogus companies using stolen or fake identities and further use them to generate e-way bills and obtain ITC from the government. The police have arrested a total of 33 people believed to be a part of the nexus, including Gupta.

None of the arrested suspects has got bail so far, and more arrests are possible as and how the investigation proceeds.In addition to Gupta, the police have also issued non-bailable warrants against seven masterminds, whose names have come to light during the investigation into the bogus firms.

They are identified as Sanjay Dhingra, Kanika Dhingra, Mayank Dhingra, Mayur Nagpal, Charu Nagpal, Punit Bhardwaj and Sanjay Gard, all residents of Delhi. The police are continuing their investigation and are determined to bring all those involved in the fraud to justice.

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