DGGI Gurugram officials arrest man for input tax credit fraud of more than Rs 43 crore
It is apparent from the investigation conducted till date, that Ravinder Kumar created multiple proprietorship, partnership firms and private limited companies based in Haryana, New Delhi and Jharkhand merely on paper. Ravinder kept eluding the investigation and did not appear before the investigating authorities even after issuance of Summons on multiple occasions.
Ravinder was absconding and kept changing his locations, the officers kept watch on his frequent places and after a long period of monitoring and active surveillance, were able to nab him. He admitted to have created two Private Limited Companies, one partnership firm and multiple proprietorship firms which have generated sham invoices without goods amounting to Rs. 237.98 crore and passed on fake ITC amounting to more than Rs 43 crore.
The investigation spanned multiple locations in Delhi and Haryana and based on documentary evidence and statement recorded, it was established that Ravinder Kumar is the key person in orchestrating this racket of creating fake firms on forged documents. Accordingly, Ravinder Kumar was arrested on 09.03.2021 and produced before the Metropolitan Magistrate, New Delhi, who ordered 14 days judicial custody.
Further investigations in the matter are under progress.