Ludhiana, May 19 -- A city-based electronics firm has fallen victim to a Rs. 2.77 crore GST fraud, allegedly orchestrated by traders from Delhi and Haryana who used cancelled and suspended GST numbers to conduct transactions involving iPhones and accessories.

An FIR has been registered by Focal Point police against four accused - Kamal Ahmad of SK Enterprises (Delhi),Azhar Haidar of Global Traders (Delhi), and Rajat Madaan and Sheetal Madaan, directors of GMG Tradeline (Bhiwani, Haryana).

Complainant Ankur Garg, of Hampton Sky Realty Ltd on Chandigarh Road, said that the accused posed as reputed dealers and delivered 43 consignments of high-end electronic goods to his firm. The fraud surfaced when his company applied for GST input credi...