Assets Valued at ₹5 Crore of Two Suspects Attached in ₹10,000 Crore GST Fraud Case
On Wednesday evening, the Noida police carried out a court-ordered attachment of immovable assets belonging to two individuals from Delhi. These individuals were arrested in connection with an alleged GST (goods and services tax) fraud amounting to nearly ₹10,000 crore, which was uncovered last year, according to senior officials on Thursday.
On June 1 of the previous year, the Noida police dismantled a suspected gang involved in a multi-crore fraud. The gang allegedly registered numerous bogus companies using stolen or fake identities to generate e-way bills and obtain input tax credit (ITC) from the government.
Up to now, the police have apprehended 29 individuals linked to the case and uncovered 2,660 fraudulent companies during the investigation.
“Earlier, the Noida police filed an application with the district court to take legal action against those implicated in the fraud. Subsequently, the court issued 21 attachment warrants under Section 83 (attachment of property of a person absconding) of the Criminal Procedure Code (CrPC) against seven suspects proclaimed as absconding,” stated Rajneesh Verma, Assistant Commissioner of Police-1, Noida.
Properties with a combined value exceeding ₹25 crore have been identified and will undergo the attachment process during legal proceedings, according to the ACP.
“Among the seven, the assets of two suspects—Arjit Goyal and Rohit Nagpal, residents of Rohini in Delhi—valued at ₹5 crore were attached on Wednesday. Further actions against the remaining individuals will be initiated soon,” the officer added.
The fraud came to light when a Noida resident and editor of a media firm in Sector 16 reported an identity fraud on his PAN card at the Sector 20 police station on May 10.
An FIR related to the case was registered at the Sector 20 police station last year under Indian Penal Code sections 420 (cheating), 467, 468, 471 (all related to forgery), and 120B (party to criminal conspiracy), as per the official statement.