Archive · 23 May 2025
DGGI Arrests Man in ₹643.81 Crore GST Invoice Fraud
Someone made up fake companies to avoid paying taxes.
They created false bills, tricking the government out of money.
This person used over 300 fake companies to do this in multiple states.
They stole people's identities to set up these fake businesses.
Now, the tax investigators have arrested the person responsible and are looking into it further.
DGGI Visakhapatnam arrested Aboobakr Siddique Syed for generating fake invoices.
The fraud involved invoices worth ₹643.81 crore, causing a ₹115.88 crore loss.
Syed allegedly created over 302 shell companies using stolen identities.
These firms issued false invoices to help others evade taxes.
The accused has been remanded to judicial custody for 14 days.
- Who
- DGGI, Aboobakr Siddique Syed
- What
- GST input tax credit fraud involving fake invoices
- When
- Arrested May 2025, ongoing investigation
- Where
- Andhra Pradesh, Tamil Nadu, and Karnataka
- Why
- To evade tax payments and divert funds
- Accused
- Aboobakr Siddique Syed
- Fraud Amount
- ₹643.81 crore
- Loss to Exchequer
- ₹115.88 crore
- Number of Fake Firms
- 302+
- Location of Investigation
- Andhra Pradesh, Tamil Nadu, Karnataka
- Arresting Agency
- DGGI Visakhapatnam Zonal Unit
