The Economic Offences Wing (EOW) has arrested a wanted accused in connection with an alleged multi-crore GST fraud, officials said on Sunday. The arrest comes as part of a special drive against absconding offenders by DG EOW JN Singh.
The accused, Junaid Saifi, a resident of Jahangir Patti on Meerut Road in Muzaffarnagar, was nabbed by the EOW’s Meerut sector team from Muzaffarnagar district on June 12. He was wanted in a case related to cheating, forgery, criminal breach of trust and conspiracy, along with provisions of the IT Act and the GST Act.
According to EOW, Saifi is alleged to have fraudulently registered and operated a firm, M/s Shri Rajkamal Traders, using forged documents and misrepresentation. The firm, shown to be operating near the 8-km stone on Meerut Road, was allegedly used to evade GST and facilitate fraudulent input tax credit (ITC) claims for other entities.
EOW officials said Saifi, as proprietor, worked in collusion with associates to generate fake invoices and documentation, enabling ineligible ITC transfers while suppressing actual tax liabilities. The probe pegged the alleged tax evasion at Rs 10.68 crore.
The FIR was lodged after authorities found that the firm was created through forged records to carry out tax fraud. During the investigation, evidence reportedly linked Saifi to a broader conspiracy.
Source from: https://timesofindia.indiatimes.com/city/lucknow/eow-arrests-gst-fraud-accused-in-10-68-crore-tax-evasion-case-in-muzaffarnagar/articleshowprint/131728660.cms
