Noida Police Cracks Down on GST Scam, Attaches Rs 5 Crore Assets

The Noida Police have taken a major step in the ongoing investigation into the GST scam by attaching immovable assets worth Rs 5 crore belonging to two Delhi-based suspects. The assets were attached under CrPC section 83.

In a significant development, the Noida Police have attached immovable assets worth Rs 5 crore belonging to two Delhi-based suspects as part of their ongoing investigation into a major GST scam case. The scam involved the creation of over 3,077 bogus companies to fraudulently claim input tax credit, resulting in transactions worth approximately Rs 10,000 crore.

Modus Operandi of the Scam

The investigation revealed that the accused, Arjit Goyal and Rohit Nagpal, both residents of Rohini in Delhi, were involved in a complex scheme to defraud the government. They used fraudulent means to obtain PAN details of a journalist and registered two bogus companies, one in Punjab and the other in Maharashtra. A third attempt to register a company in Delhi was rejected by the GST authorities.

Legal Action and Arrests

Acting swiftly, the Noida Police registered an FIR under various sections of the Indian Penal Code, including cheating, forgery, and criminal conspiracy, at the Sector 20 police station last year. So far, more than two dozen individuals have been arrested in connection with the case.

Attachment of Assets

In compliance with an order issued by a court in Gautam Buddh Nagar under CrPC section 83, the Noida Police have now attached immovable assets worth Rs 5 crore belonging to Arjit Goyal and Rohit Nagpal. This action is aimed at recovering the ill-gotten wealth accumulated through the fraudulent activities of the accused.

Significance of the Case

The GST scam case highlights the importance of vigilance and strict enforcement to combat financial crimes. The Noida Police's prompt action in detecting and investigating the scam has prevented further losses to the government and serves as a deterrent to potential fraudsters. The attachment of assets sends a strong message that such illegal activities will not be tolerated and that the law will come down hard on those involved in such fraudulent practices.