Quick Summary
The Uttar Pradesh Special Investigation Team (SIT) has uncovered a Rs 400 crore GST evasion racket operating through 144 shell companies created using documents stolen from unemployed youth. Two men from Moradabad-identified as Mohd Ikhlaq of Meerut's Shastri Nagar and Ittefat Alam of Shahjahanpur,
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FAQ :
The UP SIT has uncovered a GST evasion racket valued at Rs 400 crore.
The racket involved 144 shell companies.
The shell companies were created using stolen documents from unemployed youth and loan applicants, obtained through fake online job and loan advertisements.
Two men, Mohd Ikhlaq and Ittefat Alam, from Moradabad, have been arrested in connection with the fraud.
A Delhi-based call centre played a key role by posting online job and loan ads, harvesting victims' personal data and OTPs, and then registering companies in their names.
The case surfaced after authorities seized two iron-laden trucks in Moradabad, leading to an FIR and subsequent investigation by the SIT.
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