Jamshedpur: Brothers accused in Rs 5000 Crore GST scam arrested from Kolkata, sent to jail.

Two brothers, Amit Gupta and Sumit Gupta, residents and industrialists of Kolkata’s Salt Lake Sector 5, found themselves behind bars after being accused in a GST scam amounting to Rs 5000 crore. The Special Judge of Economic Offenses, Saudamani Singh, ordered their arrest late on Tuesday evening after they were brought to the city on a 48-hour transit remand by the police.

During their court appearance, the Advocate, representing the accused, contested the remand, while the other Advocate, representing the Union of India, pressed for it. After hearing both sides, the court decided to send both the accused to jail, with the decision made late at eight in the night.

The accused, Amit and Sumit, were initially arrested and presented before the Alipore CJM, from where they were brought to the city on transit remand. The transit remand granted them time until the 10th of April for their appearance.

The allegations against the brothers stem from a complaint filed by Union of India Intelligence Officer GST Dinesh Kumar. It accuses them of orchestrating a GST scam totaling Rs 5000 crore, purportedly through the operations of about 90 fictitious companies. Investigations revealed that fake bills worth Rs 3,000 crore were generated under the guise of these fake entities, resulting in the defrauding of the government of GST funds amounting to Rs 5000 crore.

Furthermore, there are indications of their involvement with Shiva Debra, an industrialist previously incarcerated, further complicating the case.

Source from: https://avenuemail.in/jamshedpur-brothers-accused-in-rs-5000-crore-gst-scam-arrested-from-kolkata-sent-to-jail/

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