Ludhiana, July 14 -- In a major breakthrough in the ongoing investigation into a large-scale bogus GST invoice racket, the Anti-Evasion Wing of the CGST Commissionerate, Ludhiana, has arrested another key accused. This comes just days after the first arrest made on July 8 in the same case.

The latest accused is alleged to be the controller and operator of two fake firms and has been identified as a significant player in a network issuing fraudulent GST invoices and facilitating illegal refunds, resulting in substantial losses to the exchequer.

According to officials, the probe so far has unearthed a syndicate running multiple fictitious firms, which collectively issued fake GST invoices amounting to a taxable value of Rs.1,786 crore. Th...