Noida: 250 shell companies found, over Rs 3 crore freeze from 8 accounts, 4 arrested in GST scam

Noida Sector 20 police has arrested four accused of the gang, who were causing loss of revenue worth thousands of crores to the government by using fake database and creating fake firms with GST numbers from Trinagar, Delhi. Details of 250 fake companies, laptops, mobiles and pen drives and other items have been recovered. In the investigation so far, an amount of more than Rs 3 crore has been frozen from nearly 8 different accounts.

Rahul Nigam, Piyush Kumar Gupta, Dilip Sharma and Rakesh Kumar were arrested by the police from Trinagar Delhi on charges of causing loss to government revenue by creating fake GST company. In this case, Noida Sector 20 police and technical team had exposed the entire nexus and had already arrested 25 accused including the mastermind.

DCP Harishchandra told that this is an organized gang and the main leader of the gang is Nishant, who is a resident of Delhi’s Pitampura. Due to fear of being caught, Nishant has shifted to Bombay and from there he provides data of fake firms etc. to these accused. And at the same time, he even keeps access to all the accounts related to the firm.

DCP Noida Zone told that one of the accused Rahul was responsible to make fake bills and all the banking work was looked after by Piyush Gupta. Piyush has obtained MBA from Delhi University and Dilip does the money transactions and transports the money as per the need to the places indicated by Nishant.

The previously arrested accused provided their data related to GST evasion to Nishant Aggarwal and through this, along with his associates, prepared fake firms with GST numbers and obtained GST refund tax (ITC input tax credit) by using fake bills.

DCP Noida Zone further added that arrested accused had prepared IEC (IMPORT EXPORT CODE) of fake companies and the companies located mainly in international places like Thailand, Singapore, Taiwan, Philippines, Vietnam etc. were making economic profits by fraudulently showing import and export through their fake companies to receive benefits.

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