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India’s Financial-Crime Crackdown Widens With New Arrests in Fake Invoice, Cyber Extortion and Counterfeit Cash Cases

Fresh arrests underscore a coordinated push against interconnected financial-crime networks.

Overview

  • GST intelligence officers in Delhi said a syndicate used 229 dummy registrations to pass ineligible Input Tax Credit worth about ₹645 crore, with key operator Mukesh Sharma arrested and sent to judicial custody.
  • Cyberabad police arrested two suspects accused of creating 10 fake GST firms to claim ₹11.79 crore in ITC across eight States, while the alleged mastermind from Delhi and two others remain at large.
  • CGST Guwahati arrested two alleged members of a fake-invoice racket tied to over 50 suspicious GST registrations, with an initial GST evasion finding of ₹8.59 crore and further probes under way.
  • Belagavi City Police shut a fake call centre targeting US citizens, arresting 33 people and seizing 37 laptops and 37 phones used for VOIP/VPN-enabled impersonation and gift-card extraction schemes.
  • Punjab police in Dera Bassi intercepted a vehicle and seized ₹9.99 crore in counterfeit and demonetised notes, arresting two suspects linked to prior cheating cases that used bundles padded with fake currency.