GST Fraud: Noida Police arrested a 40-year-old Businesswoman in Rs.10,000 crore Fraud
The Noida Police arrested a 40-year-old businesswoman in Coimbatore of Tamil Nadu on Sunday for her alleged involvement in a Rs.10,000 crore GST fraud, officials said.
Speaking to the media, deputy commissioner of police (crime) Shakti Avasthy disclosed that the accused arrested was identified as Suganya Prabhu from the area of Race Course Road in Coimbatore. Local police of Tamil Nadu accompanied the Crime Response Team of Noida Police to arrest her from her residence on Saturday, Avasthy further said.
As per the Noida Police, last year on the same day, they busted a GST racket and arrested individuals allegedly involved in a Rs. 10,000 crore GST fraud wherein fake companies were registered using stolen or fake identities, which in turn helped generate e-way bills and avail fake ITC from the government.
Police have arrested 45 individuals in connection with the fraud so far. The suspects were reported from Delhi, Noida, Ghaziabad, and Sirsa; all in Haryana, Jaipur in Rajasthan, and Chhindwara in MP.
“While investigating the matter, the name of Prabhu appeared nearly three months ago and the lady has been evading arrest ever since then,” said Avasthy.
The Noida Police commissioner declared Rs. 25000 as a reward price in exchange for the information about her location. Police have located her in Tamil Nadu and with the help of Local police arrested her.
The deputy commissioner further stated, “Prabhu is a multimillionaire and operates a metal manufacturing factory with a turnover of not less than Rs.100 crore in Coimbatore. She availed an ITC from four bogus companies for more than 1 year and caused a loss of Rs.14.2 crore to the government revenue.
Under the Indian Penal Code (IPC) act, the accused has been charged and arrested for cheating, forgery and criminal conspiracy.
The officer stated that Prabhu was produced before the local court and sent to judicial custody on Saturday.
It reported that on June 3 this year, the Noida Police filed Gangster Act charges against 33 individuals of the 45 accused arrested in the case of GST fraud.
