Court denied bail in Rs. 500 Cr Fake GST Billing Scam:

Court denied bail in Rs. 500 Cr Fake GST Billing Scam Tausif Padhiar, one of the individuals charged in a fraudulent billing scheme, was detained by the city crime branch in January along with three other individuals. On Tuesday, Additional Sessions Judge J M Brahmbhatt dismissed Padhiar's request for bail. Since January 11, Padhiar, a resident of Shihor in the Bhavnagar district, has been detained. Police claimed that Padhiar and the others had established 250 fake companies and submitted fake invoices in order to fraudulently claim input tax credit through their aides in Bhavnagar. The state goods and services tax department lost almost Rs 500 crore as a result of this. Following public prosecutor Sudhir Brahmbhatt's submission that police and the GST department are conducting the investigation, the judge denied bail. The inquiry is ongoing, and granting the accused bail could compromise the investigation's integrity.