Archive · 6 Jan 2026
Rs 24-crore Hawala, GST Fraud Racket Busted in Bareilly
Police in Bareilly, Uttar Pradesh, have found a big money scam worth Rs 24 crore.
Two men, Shahid Ahmed and Amit Gupta, were caught.
They used fake companies and bank accounts to trick small business owners.
They promised to help these small traders grow their businesses but instead used their names to do illegal money transactions.
The police found out when a small embroidery worker got a big tax bill for money he never earned.
The police are still investigating to find out more about this scam.
Police in Bareilly uncovered a Rs 24-crore hawala and GST fraud network.
Two men, Shahid Ahmed and Amit Gupta, were arrested for creating fake firms and using mule accounts.
The scam involved fake Aadhaar and PAN cards to open bank accounts and route illegal transactions.
Several fake firms, including Satya Sahab Traders and Mahavir Trading Company, were used to generate fake bills and evade GST.
The investigation is ongoing to identify additional beneficiaries and links in the network.
- Who
- Shahid Ahmed and Amit Gupta, along with a man from Shahjahanpur district under investigation
- What
- A hawala and GST fraud network involving illegal financial transactions worth Rs 24 crore
- When
- The racket was uncovered on January 6, 2024
- Where
- Bareilly, Uttar Pradesh, India
- Why
- To target small traders and daily wage workers, offering to help them expand their businesses or enter export markets
- Total Fraud Amount
- Rs 24 crore
- Accused Arrested
- Shahid Ahmed and Amit Gupta
- Fake Firms Involved
- Satya Sahab Traders, Mahavir Trading Company, Mahakal Traders, Sumit Traders
- Location of Arrest
- Bhuta area, Bareilly
- Investigation Status
- Ongoing
- Targeted Victims
- Small traders and daily wage workers
- Key Evidence
- Fake Aadhaar, PAN cards, and bank accounts
