DGGI Ghaziabad officials have busted a bogus network of 275 firms involved in issuing fake invoices of more than Rs 3100 crore involving GST evasion of more than Rs. 362 crore. This syndicate has indulged in creating and controlling fake firms and issuing invoices without supply of any Goods and/or Services for eventual encashment of GST refunds.
Based on Intelligence inputs, DGGI Ghaziabad officials have searched two office premises from where various incriminating documents/ objects relating to more than 200 fake firms were recovered, like mobile phones, digital signatures, debit cards, PAN cards, Aadhaar cards, photos of persons, rent agreements, laptops, pen drives, rubber stamps, keys of offices, SIM cards, cheque books including some Kuccha records.
Further, in-depth investigation revealed that the data of this bogus syndicate/ network is being compiled and used from the cloud, involving 275 bogus firms existing on paper only. These firms have issued fake invoices to the tune of Rs 3,189 crore making GST evasion of more than Rs 362 crore.
One of the key accused Tinku Yadav was arrested earlier. He was instrumental in collection of identities of individuals for creation of fake firms. Based on his interrogation/ information analysis of cloud IP addresses was conducted, which lead to unveiling of the two actual masterminds, namely Vipin Kumar Gupta alias Nikku, and Yogesh Mittal, who have been arrested by the DGGI Ghaziabad. Both of them seems to be habitual offenders, as they have been arrested by Directorate of Revenue Intelligence (DRI) and Enforcement Directorate (ED) earlier also for some other economic/ financial offences.
MoF, GOI Press Release dt. 27/01/2022: DGGI Ghaziabad officials bust bogus network of 275 firms involving fake invoices of more than Rs 3,100 crore