The Directorate General of GST Intelligence (DGGI) apprehended two individuals, Raj Kumar and his nephew Prince Kumar, for their alleged involvement in a fraudulent Rs282-crore billing scam, as reported by officials on Thursday.
The accused are said to have issued fake invoices totaling Rs282.96 crore, enabling the illicit passing of ineligible input tax credit (ITC) worth Rs42.98 crore. This scheme was carried out through 26 firms under their control, primarily involved in trading iron and steel scrap, TMT bars, and cardboard scrap.
During a raid on the suspects’ properties, authorities seized several items including central processing units (CPUs), mobile phones, invoices, cheque books, diaries, and other critical documents.
Both Raj Kumar and Prince Kumar admitted to their participation in the fraudulent transactions and were subsequently arrested on March 5. They have been placed in judicial custody.
In recent weeks, 13 other individuals have been arrested in connection with similar GST scams, and authorities are also investigating the firms that benefited from these bogus transactions.
