Rs.10cr GST fraud: TN woman held for floating fake firms

In a joint operation, cops from Noida and Coimbatore arrested 40 year old woman from the Tamil Nadu city on Saturday for her alleged involvement in a Rs. 10,000 crore CGST fraud orchestrated across the country.

Suganya Prabhu (40), police said, was picked up from her house on Race Course Road of Coimbatore. She was brought to Noida and produced in a court here.

‘Suganya Prabhu’ is a millionar and owns a metal manufacturing factory in Coimbatore. Over the past one year; she caused a loss of Rs. 14.2 crore to the govt. exchequer by floating fake companies and availing input tax,” said Shakti Mohan Avasthy, DCP (crime).

Suganya was booked under sections 420 (cheating), 467 (forgery), 468 (forgery for the purpose of cheating), 471 (using as genuine a forged document), and 120B (criminal conspiracy) of the IPC.

“She was produced before a Noida Court and remanded in judicial custody on Saturday,” Avasthy added. On June 1 last year, Noida policy claimed to have busted a gang suspected of orchestrating the Rs. 10,000 – crore, GST fraud. So far , 45 people have been arrested in connection with the scam.

On June 3, copes invoked charges under the Gangster Act against 33 of the 45 arrested. The veil was lifted off the case after the gang applied for the registration of bogus companies by fraudulently using the PAN details of a journalist and registered one firm in Punjab and another in Maharashtra – while a request for a third in Delhi was rejected by the GST authorities.

Source: The Times of India