A joint operation by the Ahmedabad Crime Branch and the Goods and Services Tax (GST) department has exposed a massive GST theft racket. The operation revealed that a gang from Bhavnagar had created and sold more than 500 bogus firms to commit GST fraud.
The investigation began when three original documents were obtained from four arrested individuals from Bhavnagar. The gang had edited these documents to create 500 bogus firms for GST theft. These firms were not only created but also sold, further complicating the fraud.
On the 12th, the Ahmedabad Crime Branch and the GST team conducted a joint operation and seized a bogus billing racket based on fake documents. A bogus firm named Naik Traders was created, and a bogus tax bill of the Ahmedabad Municipal Corporation was also made. The registration of this firm included the Aadhar card, death certificate, and light bill of the landlord.
Among the arrested accused, Taufik alias Pankaj Rangrej had created and sold more than 45 bogus firms for GST theft from 2018 till now. Alphaz Kaji has bought and sold 60 to 65 bogus firms from 2018 till now. Whereas, Tausif Padiyar had edited the documents and created more than 250 firms and was doing bogus billing.
The gang of four accused and the people of Bhavnagar have created more than 500 bogus firms and caused economic damage of crores to the government.
A thorough investigation of this racket is underway.
Also Read: PM Modi Starts Gujarat Trip From Today, To Inaugurate Global Summit
