Fake Firm Defrauds Government of Rs 20 Crore in GST Fraud: Delhi Police

By: Admin Date: July 12, 2024 Categories: GST Recent News

A fraudulent company illegally obtained Rs 20 crore in GST rebates from the Government of India, according to Delhi police. The company, Prince International, based in Delhi’s Wazirpur, allegedly used the name of a farmer from Haryana, Naresh Singh, to open accounts and secure rebates.Naresh Singh, 57, from Kharghar village in Bahadurgarh, filed a complaint stating his identity was misused. The fraud began in August 2018 when Naresh sought financial help for his son’s wedding from Jasbir, who introduced him to Naveen and Kailash. They promised Naresh a loan and a Kissan credit card, obtaining his signatures on several documents.In September 2019, Naresh discovered an account in his name at the Central Bank of India in Narela. He learned that the account was used for fraudulent transactions. Despite initial resistance, Naresh accessed documents showing Prince International registered in his name and fake bills used for GST refunds.The accused avoided using Naresh’s original details, instead using Jasbir’s phone number and the address of J J Colony, Wazirpur. They also used accounts in the names of Shiv Kumar Giri, Brijkishor Sahni, and Sonu to further their scam.#GSTFraud

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