Officials of DGGI, Jaipur, bust syndicate operating in 14 States through 569 fake firms fraudulently claiming ITC of Rs 1,047 crore, 1 held
GST
Dated:- 27-6-2023
In continuing drive against syndicates operating and managing fake firms, Directorate General of GST Intelligence (DGGI), Jaipur Zonal Unit, has busted a major crime syndicate based in Delhi.
This syndicate was operating 569 fake firms and through them created huge fraudulent ITC of Rs 1,047 crore. The mastermind Shri Rishabh Jain, aged 30, resident of Delhi, had hired 10 employees for operating these fake firms. After extensive recce and data analytics, the officials of DGGI, Jaipur were able to trace this mastermind in Delhi and nabbed him.
The modus operandi ind
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Bengal, Karnataka, Goa, Assam and Uttarakhand. So far, 73 bank accounts used by syndicate and brokers have been attached.
Shri Rishabh Jain has been arrested on 25.06.2023 and produced before Economic Offence Court, Jaipur, and is remanded for judicial custody till 07.07.2023.
DGGI, Jaipur Zonal Unit has been in forefront in Rajasthan in detecting fake ITC cases, as during last F.Y. (2022-23), 142 cases involving fake ITC of Rs. 1,327 crore were booked, in which 9 persons were arrested. In this F.Y. (2023-24) in a short span of less than 3 months, 5 fake ITC cases involving Rs. 1,531 crore have been booked with arrest of 5 masterminds. This unit is dedicated to take all preventive steps to find more such syndicates and their masterminds,
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