Solapur-based lawyer held in Rs.100 cr fake GST invoice racket
MUMBAI, May 26 -- The Directorate General of Goods and Services Tax Intelligence (DGGI) on Thursday arrested a Solapur-based lawyer, Sajid Ahmed Sheikh, for allegedly orchestrating a fake GST invoice racket worth over Rs.100 crore. Investigations by the DGGI revealed that he had set up a complex network of 30 shell companies using counterfeit and fabricated documents.
Sheikh allegedly used the fake entities to generate fake invoices for non-existent transactions to fraudulently avail of Input Tax Credit (ITC), a senior GST official confirmed. Following intelligence inputs, DGGI officers raided his office in Solapur on May 22. They seized several electronic devices, including his computer and mobile phone. A forensic examination of these devices uncovered crucial evidence, prompting the agency to expand its investigation to 12 more suspected shell companies operating in the area.
Sheikh was placed in judicial custody for 14 days and lodged in Kalamba Central Jail.HTC...
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