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Fake companies in several states including Maharashtra, mastermind arrested for tax evasion of Rs 102 crore

The accused had set up 126 fake companies between 2017 and 2019

Agra: A case of embezzlement of crores of rupees by the government has come to light in Agra, Uttar Pradesh. A gang of tax evaders worth Rs 102 crore has been busted by opening 126 fake companies and forging receipts worth Rs 700 crore. Central GST officials have arrested the gang’s mastermind Nitin Verma from Vikas Colony in Agra.

Nitin Verma, the mastermind of the gang, started 126 fake companies between 2017 and 2019. Misleading the common people, fake firms were opened through their Aadhaar cards. A police investigation revealed that Nitin Verma had two Aadhaar cards in his name. He had shown his father’s name differently on both the Aadhaar cards. All the bank accounts of the accused have been frozen.

Fake companies in many states
Accused Nitin Verma’s accomplice Chandra Prakash Kripalani was arrested by CGST in January 2020. The accused registered fake firms in several states including Maharashtra, Karnataka, Telangana, Andhra Pradesh, Madhya Pradesh. Six months later, crores of e-bay bills were being blocked by the accused ITC.

Gathered millions of love
CGST Superintendent RD Singh said that recovery process has been started from the accused. Accused Nitin Verma, who paid more than Rs 100 crore in taxes, was living a life of luxury. He was also constantly touring abroad. He has amassed many anonymous assets with black money. It is also being said that Nitin Verma has close ties with some politicians.
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