Gujarat State GST Department on Monday carried out raids and unearthed a fake credit scam.
During the preliminary inquiry it was found that fake companies were created in the name of poor people and their documents were used to register dummy companies. In their returns, they showed sales to Special Economy Zones and got credits in return.
Based on the inputs, raids were carried out and 13 mobile phones, 21 Sim cards, 2 laptops, 1 hard disk, 142 rubber stamps and other important documents were seized.
Total of 9 companies were created and a total of 29 crore of refunds was availed by the scammers.
- EXPIFT IMPEX PVT LTD.
- SEAMGLOBUS OVERSEAS PVT LTD
- CLIMBER TRADERS
- PROFUSION TRADERS PVT LTD.
- EXPONENT TRADE IMPEX
- THREAD COAT IMPEX PVT LTD.
- VALUACTIVE VENTURE PVT LTD.
- PANCHAL TRADELINK
- BRANDROOT TRADING CO.
Arfanabanu Sabir Hussain Shaikh (Dariapur) of Expift Implex Pvt. Ltd. And Seamglobus Overseas Pvt. Ltd. and Janakkumar Baijukumar Panchal (Gandhinagar) of Panchal Redlink are the main accused in the case.