Bogus firms were created by placing the papers of people coming for bank loans
Surat: Viral Kapadia, one of the accused in the 52.86 crore bogus billing scam created by 13 firms, has been arrested. Transactions worth three crores were done in his account and he got tax credit accordingly. The accused had created 21 bogus firms from the documents of the loan applicants.
However, for this, the name Shivlok was announced on Facebook and the people who came to take loans were given the names of Paresh Patel, Kiran Makwana. Apart from this, the accused Imtiaz Kadar, who was working as an agent for sending people from Jamnagar to work abroad, had created bogus firms by obtaining large contracts from a total of 21 through others.
Bills were placed for cloth in purchase and scrap in sale
During the investigation, it was revealed that, though the accused themselves were trading in garments under the name of Jeans Hub, bogus firms namely Multi Trades, Krishna Enterprises, Ponksha Sales, Prime Sales, Galaxy Impex, Orato Sales, Mahalakshmi Enterprises were created from Sajid Musani and Adil to get GST credit. The generation was created. Along with this, the theft was revealed by placing scrap bills, when they were to be sold.