Ever since the introduction of the Goods and Services Tax (GST), a lot of things had gone berserk in the Indian economy. There were hundreds of incidents where people were seen violating the tax code in any senseless attire. Right now, in a particular incident, during the last one month, there was a discovery of a massive tax evasion fraud that involved the arrest of over four people.

For companies such as Chinese, the group of four were caught creating the counterfeit currency for the famous companies in the name of the fake services costing around Rs 1000 crores for the last five years. The news took the limelight only after the GST Intelligence of Bengaluru conducted an intense raid at the workplace. Following this, a number of raids were conducted on the Chinese companies located in other major Indian cities like Mumbai, and the results were kind of the same.

Hundreds of bogus registration papers, documents, and fake invoices were seized. However, the authorities didn’t reveal the exact tax evasion total, the numbers are too high that a special group was assigned to come up with the grand total.

The sources from the Intelligence revealed that the main convict in the whole scam is Delhi-based Kamlesh Mishra who managed to earn around Rs 500 crores in this whole phenomenon of bogus companies. From the last four years, Kamlesh started these companies in the names of some poor people, a total of 23 branches. He started off this humongous deed with the fake currency worth Rs 80 crores which he created. He used this money in order to gain huge loans and create fraud bills.

An official revealed, “We have identified the people who made Kamlesh Mishra the CEO of bogus companies. He has been arrested following reports of a GST scam. Apart from this, there are many people who have created bogus bills together with Chinese people and companies. All these people have been taken into custody.”