Bogus billing case: 2 brothers arrested by Ludhiana police

TILL NOW, SIX ARRESTS HAVE BEEN MADE IN CASE THAT SURFACED EARLIER THIS YEAR

LUDHIANA: Two more arrests have been made in the multicrore bogus billing case unearthed by the CGST (Central Goods and Service Tax) commissionerate earlier this year.

The officials detected fake ITC (input tax credit) availment amounting to Rs 13.9 crore.

Tanya Bains, deputy commissioner, CGST (anti-evasion), Ludhiana, said during investigation in case of mastermind Gurbax Lal, alias Happy Nagpal, names of three more cropped up. Gulwant Singh Bambhi (now no more) and his two sons Kawaljot Singh Bambhi and Harsimranjot Singh Bambhi, in connivance with Happy Nagpal were operating three bogus firms and had further floated three more with the intention to avail fraudulent ITC without receipt and supply of goods.

Through these six firms, the accused availed fraudulent ITC worth Rs 13.9 crore on the strength of bogus invoices thorough six bogus firms. Stamps pertaining to 10 bogus firms were recovered from the residential premises during search on October 7. The brothers have been remanded in judicial custody till October 22. Till now, six persons have been arrested in the case.

In April this year, Vishal Kumar Singla was arrested for allegedly floating 32 bogus firms operated by Gurbax Lal, alias Happy Nagpal, the prime accused in the case. The accused allegedly availed fake ITC of Rs 65 crore, the officials said. Nagpal’s two accomplices Rajinder Singh and Sandeep Puri were arrested on February 5 this year.

Nagpal was involved in issuance of fake invoices amounting to Rs 38.67 crore and fraudulently availing ITC of Rs 6.58 crore through bogus firms.