Arunachal Pradesh Police has arrested two chartered accountants from Darbhanga for allegedly committing a GST fraud worth Rs.100 crore by creating a shell company.
Reetu | Dec 30, 2024 |
Rs.100 Crore GST Fraud: Arunachal Pradesh Police arrested 2 CA from Bihar; Probing Pakistan links
Arunachal Pradesh Police has arrested two chartered accountants from Darbhanga for allegedly committing a Goods and Services Tax (GST) fraud worth approximately Rs.100 crore by creating a shell company.
Both the accused were taken to Arunachal Pradesh after a Darbhanga court ordered transit remand for them on Saturday.
Arunachal Pradesh Police, in conjunction with Darbhanga Police, arrested two chartered accountants in connection with a Rs.100 crore GST fraud case. This action was carried out in the Vansara village of Rayam police station.
A few other men accused in the case have fled, and a search for them is currently underway. Police are also looking into a possible Pakistan connection in the case, they added.
According to the police, the accused embezzled funds of Rs.99.31 crore by forming a shell firm called Siddhi Vinayak Trading in Arunachal Pradesh. They received Rs.99.31 crore in GST refunds in issuance for a bogus invoice of Rs.658 crore. The money was fraudulently withdrawn and embezzled by all of the the accused.
Arunachal Pradesh police detained the identified accused Ashutosh Kumar Jha and Vipin Kumar Jha in Bihar’s Darbhanga on Saturday.
“A fake firm named Siddhi Vinayak Trading was formed, and a fake invoice for Rs.658 crores was issued for GST in its name and received 99.31 crore in the form of a tax refund from the government. This money was withdrawn fraudulently, and everyone in the company embezzled it,” police investigation officer Randhir Kumar Jha stated.
According to the official, the accused also used the name and photo of Sachin Meena, Seema Haider’s spouse, who moved to India from Pakistan.
Following the finding, police are investigating the case to determine whether the accused has any connections to anyone in Pakistan.
Vipin Kumar Jha, one of the arrested accused, attempted to avoid answering media questions, although he did disclose that he had heard there was an embezzlement of Rs.100 crore.
The Arunachal Pradesh police have launched a fraud investigation and are looking into every available angle, the police added.
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