DGGI Arrests Mastermind Behind Rs.230-crore GST Fraud

Visakhapatnam: The directorate general of GST intelligence (DGGI) has arrested a man accused of orchestrating a massive GST fraud involving fake invoices worth Rs.230 crore, resulting in a loss of Rs.35 crore to the government treasury.

Mohammad Saheem V., a native of Pernambut, Vellore, was apprehended in Hosur, Tamil Nadu, is allegedly the mastermind behind tax evasion scheme spanning three states - Andhra Pradesh, Tamil Nadu and Karnataka. The accused reportedly created over 80 shell companies using stolen identities of unsuspecting individuals to generate fraudulent input tax credit claims.

According to IRS additional director N. Mohammed Ali, the accused generated bogus invoices without any actual supply of goods or services, enabling receiving firms to evade tax payments and illegally reduce their GST liabilities.