Rs 146 Crore Hawala-GST Fraud Busted; Mastermind Arrested, 68 Bank Accounts Under Scanner

In connection with a major Rs 146 crore fraud case, Police has apprehended a key individual who orchestrated the entire fraud network involving illegal transactions.

As per Police Commissioner Raghubir Lal, the fraud involved fake companies, GST evasion, income tax fraud, and hawala transactions carried out through fake bank accounts and bogus firms. The police have said that several firms involved in the fraud have been identified, along with beneficiaries who have been recognised as Tahir, Ajmeri, Rustam, and associates linked.

Police said scrap dealers and people linked to the slaughter business were allegedly used to circulate large amounts of money illegally. During the investigation, several fake firms were identified, and the names of key beneficiaries, including Tahir, Ajmeri, Rustam, and their associates, came to light. Notices have been issued to those connected to the case, while further investigation is underway.

On February 01, 2026, a robbery incident was unearthed. During the investigation, the officials found links to illegal cash transactions and arrested five individuals. They also recovered Rs 11 lakh in cash from them. It was later found that the accused had also opened bank accounts using forged documents and fake GST registrations.

So far, police have traced 68 suspicious bank accounts connected to the racket. The probe has uncovered that the network was operating across several states, including Uttar Pradesh, Delhi, Punjab, Himachal Pradesh, and West Bengal. Officials from the GST and Income Tax departments are also helping the police in examining transactions carried out through multiple banks.

Police said the investigation is continuing and more notices are being issued as authorities verify financial transactions and identify additional beneficiaries linked to the fraud network.