In continuation to this Office Press Release dated 5th July,2021, Pan India Searches were conducted at Faridabad, Ghaziabad, Noida, Guwahati and Chennai by the officers of DGGI on 13-07-2021 to apprehend the persons behind in the fraudulent refunds scam of Rs. 213.67 Crore unearthed by DGGI, Nagpur Zonal Unit in the first week of July,2021.
The coordinated Pan India searches at multiple places enabled this Zonal Unit to identify an additional eight non-existent entities in the fraudulent ITC network spread across India which had availed fraudulent ITC of Rs. 222.09 Crore.
The investigations have further revealed that it was these non-existent entities which had passed on fraudulent ITC to the 3 non-existent entities of Nagpur which had taken refunds out of the fraudulent ITC so availed by them.
The officers of DGGI, Nagpur Zonal Unit also nabbed a person from Ghaziabad who was in charge of preparation of fake invoices of this network and who was handling the Bank accounts of non-existent firms in which fraudulent refunds of Rs. 123.97 Crore were transferred and utilized. This person was arrested today and has been remanded to Judicial Custody by the Hon’ble Court till 28th July, 2021.