Four fraudsters arrested by CCB for operating shell company using PAN and GST number of City based businessman

Pramesh S Jain & Dr.Thomas (Special Correspondent)

Officials of the Central Crime Branch police on Tuesday arrested a gang of four who are operating shell company using stolen PAN and GST no. of a city based businessman.

The accused were operating the business suspected to be involved in crores of rupees transactions and incurred huge loss to the exchequer since 2017,until it was busted .

Senior officer told reporters the accused stolen the PAN details of city based businessman,Hameed Rizwan owned a packaging industry in the city and migrated from VAT to GST in 2017.

However the accused stolen his PAN number to apply for another GST no.using which they have opened bank accounts to carry out the business in the name of Mr. Rizwan .

The racket came to light when the GST officials visited Mr.Rizwan to inquire about his business transactions and non payment of GST .

Shocked Rizwan submitted his documents to clarify and later realized that some one is operating on his behalf using and availing the GST benefits.

Based on a complaint,the CCB investigated the case and arrested the accused identified as Delhi Babu,from Tamil Nadu,Janakiram Reddy,a Charted Accountant by profession and his associates and Hiralal and Tejraj Giriya from Bengaluru.

The accused not only making transactions in the name of Rizwan but also secured refund of input credit tax from the government,Dr.SD Sharanappa, Joint Commissioner of Police, CCB, who led the investigations,said .

The CCB officials are further investigating to ascertain the criminal background of the accused he added.