Additional Sessions Judge D.D. Thakkar on Tuesday rejected the bail application of Munnawar Ismail Memon, a trader arrested by the state GST department in a tax evasion case worth over Rs 100 million. The matter involved unaccounted transactions of Rs 63.46 crore. The GST scam was operating under the guise of cosmetic-beauty products of Surat.
In Surat’s Chauta Bazaar, NR Group’s NR Beauty World, NR Bangles, NR Fit In, a firm engaged in the business of cosmetics, imitation jewellery, make-up items, ladies footwear and other items had unaccounted transactions of Rs 63.46 crore. Of this, Rs. 10.64 crore tax evasion was found.
The state GST arrested Munnawar Ismail Memon for tax evasion. His bail application was rejected by the court.
Sudhir Gupta, senior advocate of the state GST, told the court that an investigation was underway into raw letters received from the accused. The names of some traders of Surat have been disclosed regarding the data obtained from Memon’s computer. His book had cash transactions of Rs 3.39 crore. The search also led to seizure of Rs five lakh in cash. Accounting software called ‘Business Mind’ with two users was found in the computer of the accused in which raw and lined accounts were found.
