Fake CA Defrauds Businessman of Rs 1.3 Crore in GST Scam



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A man impersonating a Chartered Accountant has been arrested in Mumbai for defrauding a businessman out of £1.3 crore. The fraudster posed as a GST registration specialist and used the victim's KYC documents to create fake companies and issue counterfeit invoices. He then diverted funds meant for GST payments into his own accounts, leading to a significant loss for the exchequer. The scam was uncovered when the victim received default payment notices from the GST department.

Aftab Memon, a man impersonating a Chartered Accountant, was arrested on Friday for defrauding a South Mumbai businessman of Rs 1.3 crore. Memon, who posed as a GST registration specialist, took the funds from BMC contractor Jay Dhani to open GST accounts for his company. Instead, he allegedly used Dhani's KYC documents to create fictitious companies and issue counterfeit invoices, officials from the Colaba police station reported. "Memon diverted the funds meant for GST payments into his own
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FAQ :

A man named Aftab Memon, who was impersonating a Chartered Accountant, was arrested.

The businessman was defrauded of Rs 1.3 crore (approximately £1.3 million).

He posed as a GST registration specialist, took funds for GST accounts, and then used the victim's KYC documents to create fictitious companies and issue counterfeit invoices, diverting funds meant for GST payments.

The fraud was discovered on April 19 when the victim, Jay Dhani, received notices from the state GST department regarding a default payment of Rs 1.5 crore.

He faces charges under IPC sections for cheating, forgery, breach of trust, criminal conspiracy, and Section 74 of the GST Act.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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