Massive GST fraud uncovered in central India
A massive fake GST invoice scam worth ₹512 crore has been uncovered by Madhya Pradesh's Economic Offences Wing (EOW).
The alleged mastermind, Vinod Sahay (also known as NK Khare and Neelu Sonkar), was caught in Ranchi and is now in custody in Jabalpur.
His operation used dozens of shell companies to claim tax credits on paper, without actually moving any goods.
Sahay set up over 20 bogus firms
Sahay reportedly set up over 20 bogus firms using fake IDs.
The EOW found more than 150 bank accounts tied to his network across three states, and seized forged GST bills, IDs, and digital records during raids.
Officials say this could be one of central India's biggest GST scams yet.
Sahay's custody has been extended as investigators work to track down his accomplices and follow the money trail.