Overview
- Officials say the cartel forged invoices in cement, iron, steel and other building materials to fabricate inward and outward supplies without any movement of goods.
- The department pegs the bogus transaction value at ₹1,464 crore and reports wrongful Input Tax Credit of about ₹355 crore detected through GST analytics and IP trail reviews.
- Two brothers, Irbaz Ahmed and Nafiz Ahmed, were arrested in Pernampattu, while Eddala Pratap and Revati were taken into custody in Bengaluru for allegedly floating shell firms.
- Investigators cited entities such as Trion Traders, Wonder Traders, Royal Traders, Galaxy Enterprises, Power Steel and Cement, P. R. Construction, S. V. Traders and S. R.S. Cement Steel Traders.
- All four were produced before the Special Court for Economic Offences in Bengaluru and remanded to judicial custody for 14 days as the probe continues.