Hyderabad: The director general of GST intelligence, Hyderabad arrested a key player in the Rs 200-crore fake invoice fraud detected in the city limits and Vijayawada recently.
On January 29, GST sleuths carried out simultaneous raids on several offices of a company dealing with cables and conductors.
They found that the accused was involved in issuing fake invoices without supplying goods. Incriminating documents including copies of fake invoices issued on the letterheads of various firms were seized. The accused was arrested and remanded.
According to a GST official, the chief financial officer of a leading company had been taken into custody for questioning and had admitted to the fake invoice fraud and GST evasion involving seven companies....