HC: Rejects bail application of GST fraudster, cites alarming numbers of devious activities

Odisha HC (Cuttack) rejects bail of the Petitioner(accused) involved in availment of ITC to the tune of Rs.122.67 crores on the strength of fake invoices by creating 21fictitious/shell firms; While noting the increasing trend of GST fraud by creating many fake firms, holds that “the records produced before this Court make out a prima facie case against the accused for having indulged in a fraud of enormous magnitude”; Perusing the Investigation Report, find...