weather_iconAshburn | -0.16 °C | AQI 30
Saturday, 8 February, 2025

---Advertisement---

India

High-Profile Arrests Made: Noida Police Captures Billionaire Business Duo In GST Fraud Case

In a significant development regarding the Goods and Services Tax (GST) fraud, the Noida Police on Wednesday announced the arrest of two big businessmen from Haryana who are believed to be the masterminds behind the substantial revenue losses to the government officers.

A breakthrough in the Goods and Services Tax (GST) fraud story came on Wednesday when the Noida Police reported the arrest of two prominent Haryana businessmen who are thought to be the masterminds behind the massive revenue losses to government officers.

Also Read: Noida: Towing Van Drags Car With 2 Senior Citizens Sitting Inside, Video Surfaces

---Advertisement---

What did the Noida Police say on this case?

According to a senior police officer, the accused, who operate in the metal scrap sector, have jointly cost the exchequer almost ₹ 25 crore in revenue losses. In June 2023, a case surfaced known as the “GST scam,” involving the loss of revenue to the exchequer due to thousands of fraudulent enterprises utilizing fake documents to file for input-tax credits (ITCs).

According to sources, the police investigation has revealed the involvement of hundreds of fraudulent organizations and transactions totaling over ₹10,000 crore by those entities. To date, authorities have arrested over two dozen people in connection with this case.

---Advertisement---

A few months ago, a squad from Noida’s Sector 20 police station uncovered a scam and detained some culprits who were reportedly behind floating around 2,600 fraudulent firms, according to Deputy Commissioner of Police (Crime) Shakti Mohan Avasthy.

Avasthy, who has spearheaded the inquiry since its inception, noted that both suspects are wealthy entrepreneurs with extensive business operations in Sonipat. Jindal and Sharma, sought by the Noida Police for an extended period, were each subject to a reward of ₹25,000 for information resulting in their apprehension, according to the Deputy Commissioner of Police (DCP).

Also Read: WATCH: Child Slips From Father’s Grasp, Tragically Falls To Death From Third Floor Of Raipur Mall

HISTORY

Written By

simran rajpal


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Ballimaran Seat, Delhi Assembly Elections 2025 Results LIVE: AAP’s Imran Hussain Leads, BJP Trails

Feb 08, 2025
Ballimaran
  • 11:37 (IST) 8 Feb 2025

    Ballimaran Election Results 2025: ECI Releases Votes Of Each Candidate After 8th Round Of Counting

N24 Shorts Logo

SHORTS

Ricky Ponting backs Shreyas Iyer
Sports

If Virat Kohli Played, THIS Batter Was To Be Benched From The Squad | Find Out Whom Did Ricky Ponting Back Against Kohli

India won the first ODI against England at Nagpur by a marginal 4 wickets victory. Shubman Gill was awarded as man of the match

View All Shorts

---Advertisement---

Trending