The Economic Offences Cell (EOC) has registered a criminal case against Naqeeb Mulla, proprietor of WS Federal Logistics Company, for allegedly orchestrating a Rs 10 crore GST fraud by misusing client credentials and manipulating GST filings.
The complaint was lodged by Imran Madiwale, authorised representative of Aeroamphibious, which operates from Belagavi (Karnataka) and Arpora (Goa). According to the complaint, Mulla was engaged as a tax and GST consultant between January 1, 2022 and June 20, 2024, during which he was entrusted with sensitive financial data and GST portal access.
Fake Supplies, Inflated Returns, and ITC Manipulation Alleged
Investigators allege that Mulla falsely reported fictitious outward supplies on the GST portal and wrongfully availed Rs 10 crore as input tax credit (ITC) in the name of Aeroamphibious by claiming ownership of the firm.
The EOC further claims that Mulla illegally diverted ITC worth Rs 7.2 crore to his own entity by creating fraudulent credit trails. Forged screenshots of GSTR-3B returns were allegedly used to inflate tax liabilities, enabling misappropriation of funds under the guise of depositing government dues.
Use of Sealed Entity's Credentials Under Scanner
The case also involves WS Royal Jamo's Resort, an entity currently under a High Court sealing order, whose GST credentials were allegedly accessed and misused. The unauthorised use of login credentials and manipulation of statutory returns has raised serious concerns over data security and professional misconduct.
Investigation Ongoing
The investigation is being led by Police Inspector Razashad Shaikh, with authorities examining digital evidence, GST portal logs, and financial trails to determine the full extent of the alleged fraud.
Officials indicated that further action may follow based on forensic audits and verification of GST filings across multiple entities.
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