Odisha: State GST Enforcement Wing Busts Rs 641 Cr Invoice Fraud, Two Arrested

Bhubaneswar: The State GST Enforcement Wing has busted a major invoice fraud worth Rs 641 crore and arrested two businessmen in this connection on Friday.

The accused businessmen – Gurdit Dang, Managing partner of Tirupati Traders and authorized representative of Satguru Metals & Power Pvt. Ltd., Rourkela and Sujay Maitra, Director of Smartageis Trade Venture Private Limited of Rourkela have been arrested for their involvement in availing and passing of bogus input tax credit (ITC) worth Rs.115.10 crore on the strength of fake invoices to the tune of Rs.641 crore.

Dang was arrested in Rourkela and Maitra in Bhubaneswar.
The masterminds, in collusion with others, have availed bogus ITC raising fake purchase invoices in the name of 16 fictitious / non-existent business entities located at Angul, Rourkela, Banai, Ersama, Tirtol, Riamal and Sundargarh.

Talking about it, Commissioner of CT and GST Sushil Kumar Lohani said, “The present investigation took its origin from an investigation made on a complaint petition filed by one existent dealer of Jogeswarpur, Balasore regarding supply of goods by the above named accused on the strength of fake invoices followed by admission during interrogation made to five existing dealer of Panikoili, Baripada, Rasgovindpur, Bargarh, Puri and Balasore. The investigation got further strength from the evidences collected during mobile activities and revelation made by the driver / transporter carrying goods regarding the real dispatcher of goods contrary to the documents produced during interception of the goods vehicle”.