4 arrested in Rs 13.75 crore GST fraud case in Sambalpur
4 arrested in Rs 13.75 crore GST fraud case in Sambalpur
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Sambalpur: Four people were arrested after the Cyber police discovered a GST scam of Rs 13.75 crore. The suspects were discovered to have ties to Rourkela's Urban Cooperative Bank.
Akshay Kumar Nayak, an Assistant Manager at the UCB-Main Branch in Rourkela, Prasanta Kumar Jena, a senior employee at the same bank, and Subash Chandra Swain, a resident of Basanti Colony in Rourkela, were among those arrested. Amit Beriwal, a businessman from Sambalpur, is the fourth defendant.
The accused's mobile phone and the car utilised in the crime were also seized by the Cyber team. They were apprehended on Sunday and taken into custody.
After one Achyutananda Badhei of Kultanuapali in the Sambalpur Sadar police limits filed a written complaint alleging identity theft and cheating using his PAN Card, the GST conducted the raid.
Badhei said that he only became aware of the fraud after the Income Tax Department in Sambalpur told him of large transactions in his account that were not accompanied by IT returns. He was told that the cyber criminals carried out financial transactions of Rs 13,76,02,734 during the financial year 2017-2018, but that no income tax return was filed by them.
Badhei alerted the local Cyber police. Beriwal and Swain, who were also revealed to be engaged in numerous other GST fraud instances, had a valuable automobile taken from their hands by cyber police.
