Bail Denied for Suspect in Rs 500 Crore GST fake billing scam case. 

On Tuesday, Additional Sessions Judge J M Brahmbhatt refused bail for Tausif Padhiar, accused in a fraudulent billing case. Padhiar was detained in January alongside three others by the city crime branch.

Originating from Shihor in Bhavnagar district, he has been incarcerated since January 11. According to police, Padhiar, along with his accomplices and contacts in Bhavnagar, established around 250 sham companies and issued fake invoices to unlawfully claim input tax credits, causing a financial loss of approximately Rs 500 crore to the state’s goods and services tax department.

The bail was denied following the arguments of public prosecutor Sudhir Brahmbhatt, who emphasized that the investigation by the police and the GST department is still active and that releasing Padhiar could potentially impede the ongoing investigation.

Source from: https://www.a2ztaxcorp.com/bail-denied-for-suspect-in-rs-500-crore-gst-fake-billing-scam-case/