The Director General of Goods and Service Tax Intelligence (DGGI) Mumbai Zonal Unit has busted a syndicate which defrauded the government to the tune of Rs 206 crore by opening accounts of fake companies and generating fake bills. DGGI department is closely investigating this matter. The Intelligence Department of the GST Department suspects that the names of many big leaders and industrialists may also be involved in this scam.
It is being told that KYC of those people were used to execute this fraud, from whom documents were taken under the guise of providing jobs, subsidies and rations. Many fake companies were opened in their name and bank accounts were also opened in the name of the companies. Syndicate of firms and people involved in this fraud have defrauded the government of more than 200 crores by making fake bills worth more than 1000. A person has also been arrested in this case.
Actually, the GST department had received information about this fraud, after which the GST department started keeping an eye on these institutions. Investigation revealed that the institutions are working as a big organization. These institutions were fraudulently making bills, invoices and documents related to saving tax. The GST department has closed all those GST numbers which were used on these documents.
After this, the GST department conducted search operations at several locations in Mumbai and collected all the evidence. In these search operations, the GST department seized check books, company nameplates, rubber stamps, ATM cards and cash worth more than crores on a large scale.
Many people are involved in this syndicate. Everyone has been given different responsibilities. Some people have got the responsibility of opening bank accounts, while some have got the responsibility of making fake documents. At the same time, some people were given the responsibility of handling the money and transferring it.
