Breaking: Mumbai based man Arrested in Rs. 325 Crore GST Fraud Linked to 105 Fake Firms:

Mumbai based man has been arrested by the DGGI Bhubaneswar for masterminding a Rs. 325 crore GST fraud using over 105 fake companies to illegally claim tax credits.

Mumbai CA Under Probe For Nationwide GST Racket

Vanshika verma

Nov 8, 2025

Last update on Nov 8, 2025

Breaking: Mumbai based man Arrested in Rs. 325 Crore GST Fraud Linked to 105 Fake Firms The Directorate General of GST Intelligence (DGGI) in Bhubaneswar has arrested a person from Mumbai named Nilesh Yogesh Jigiwala. He has been accused of being involved in a massive GST fraud of more than Rs. 325 crore. Nilesh Jigiwala was the main person behind a big network of fake companies. These fake companies were created just to cheat the tax system and wrongly claim Input Tax Credit (ITC), as per the reports. Investigators say that Nilesh Jigiwala used his knowledge to help large companies get government subsidies by misusing the GST numbers of small business owners who had nothing to do with the fraud. He was included in the GST scam of more than 105 fake companies. The DGGI officers arrested him in Mumbai and then took him to Bhubaneswar for questioning. They are now trying to find out how deep the fraud goes and who else might be involved.

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Vanshika verma

Content Writer

Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.