Chennai19 minutes ago
- copy link
A conman who caused a loss of Rs 176 crore to the government was arrested by the police from Bengaluru. He was trying to flee the country.
The 34-year-old mastermind started the fake Input Tax Credit racket, which created fake companies in the name of poor people and created fake invoices to create frauds.
Collected Aadhaar-PAN details by promising loans to the poor
Officials of the Chennai Zonal Unit of the Directorate General of GST Intelligence said that the accused and his accomplices, residents of Chennai, collected their Aadhaar and PAN details of the poor by promising them bank loans and then created several fake companies in their names.
Many companies had taken the services of the accused
An official of the GST Intelligence Unit said that the accused made fake bills worth Rs 175.88 crore, whose taxable value was Rs 973.64 crore. The officer also informed that several companies had taken the services of this accused.
The police had arrested an accomplice of the accused on June 22. He told that the main accused is preparing to leave the country. After this information, the police arrested the accused from Bangalore airport the very next day.
GST Intelligence Unit freezes 25 bank accounts
Officials said that the accused used to carry out his operations very carefully. He used to take help of remote access software, foreign SIM cards and exclusive phones. The Intelligence Unit tracked the IP address, analyzed WhatsApp chats and searched multiple locations to nab him.
Officials said that so far 25 bank accounts have been frozen, 20 GST registrations have been canceled and mobile phones, modems, laptops and SIM cards have been seized.