One held for Rs 14 crore GST refund fraud in Delhi
GST
Dated:- 15-6-2025
PTI
New Delhi, Jun 15 (PTI) The Delhi government's Department of Trade and Taxes uncovered a Rs 14 crore GST refund fraud, police said on Sunday. One of the key accused has been arrested in the case.
The investigation revealed a network of individuals who had created and operated four fictitious firms solely to illegitimately claim GST refunds under the guise of genuine business activities, they added.
They claimed that this was a first-of-its-kind operation by the department, where cutting-edge big data analytics and detailed chain analysis, including scrutiny of banking transactions, were employed to trace the flow of funds across multiple entities lo
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es located outside India, a detailed report is also being submitted to the Department of Revenue, Government of India, for necessary action.
Swift recovery efforts were launched following the detection of the fraud. So far, Rs 1.16 crore has been successfully recovered, and ongoing proceedings are underway to retrieve the remaining amount, he said.
The department has also frozen 45 bank accounts linked to 27 implicated entities, effectively preventing further movement or diversion of illegal funds, he added.
An FIR has been lodged with the Economic Offences Wing (EOW) of the Delhi Police. In a significant development, one of the key accused, the proprietor of one of the fraudulent firms, has been arrested from Delhi. He was produced be
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