GST Fraud: 4 Held For GST Evasion of Rs.124 Crore

On Sunday, the Sambalpur Cyber Police detained four people, including two officers of the Urban Cooperative Bank in Rourkela, on charges of Rs.124 crore GST evasion.

The suspects have been named as Amit Beriwal (42), Akshay Kumar Nayak (55), Prasanta Kumar Jena (53), and Subash Chandra Swain (52).

“The incident came to light after, one Achuta Nanda Badhai of Sambalpur appeared at the police station and provided a written report alleging therein that an identity theft and defrauding was done by using his PAN Card,” Sambalpur SP B Gangadhar told media.

“He was the victim of an unknown cybercriminal who opened a bank account at Urban Co-Operative Bank, Nagpur and transferred funds to Urban Co-Operative Bank Ltd. Rourkela using his PAN Card Number fraudulently,” he added.

“M/S Star Enterprises is the account holder.” All of the aforementioned fraud has been reported to him by the Income Tax Department in Sambalpur. The accused had financial transactions of Rs.13,76,02,734/- during the fiscal year 2017-2018, however no income tax return was filed.

“On this Cyber Crime & Economic Offenses PS, Sambalpur registered Case No.17, dt.01.04.2022 U/s 419/420/467 IPC r/w Sec 6(C)/66(D) of ITA Act 2008 and initiated an investigation.” “The investigation of this case led the Sambalpur Police to the case of CT & GST enforcement unit Rourkela Case No. 02 of 2021/2022 and 2(C)CC Case No. 32 of 2022,” according to a press statement released by Cyber Crime & Economic Offences, Sambalpur.

“This fraud was committed by a group of at least 10 to 12 people who registered accounts using various falsified documents in order to commit GST avoidance.” “The investigation was conducted with the help of documents/ information received from the bank, income tax department, CT & GST department, Cyber investigation and other local input, Cyber Crime & Economic Offenses PS detected the case and arrested 4 accused persons in a short span of 15 days,” it stated.

“The damning documents relating to the fraud have been seized, as has the car used in the commission of the felony, as well as their mobile phone.” The accused shall be taken into judicial custody for an offence committed under Sections 419/420/467/ 120(B) IPC r/w Sections 66(C)/66(D) of the ITA Act 2008. “An investigation is currently continuing to apprehend other suspected persons in this matter,” it added.