Noida, May 2 -- In a joint operation, officials from the Sector 20 police station and the crime response team, Noida, arrested three people in the Rs.10,000 crore GST [good and services tax] irregularities case on Wednesday, senior police officers said, adding that more than 40 people have been arrested in the case that was registered in last June so far.

According to Shakti Avasthy, deputy commissioner of police (crime), the three suspects are multimillionaires who allegedly claimed input tax credit (ITC) fraudulently by setting up 30 shell companies. In all, it is estimated that they caused a loss of Rs.68.15 crore to the exchequer, and a portion of this amount has been seized from their bank accounts, he said.

"The suspects are Sanja...