Fraudster Misuses Company Credentials to Carry Out ₹25 Crore Transactions, Evades Tax
Thane, May 12 — A 60-year-old businessman from Maharashtra’s Thane city has reportedly been defrauded of ₹4.5 crore in a sophisticated GST-related scam, according to local police.The accused, identified as Salman, allegedly executed fraudulent transactions worth ₹25 crore using the complainant’s company credentials and deliberately evaded Goods and Services Tax (GST) obligations.
Fraud Unfolded After Business Purchase Offer
The incident began in December 2024 when the accused approached the victim with an offer to purchase his company. Trusting the proposal, the businessman handed over essential firm documents, including the GST number and account password.Subsequently, Salman is accused of changing the GST login details, along with the registered email ID and mobile number, effectively taking full control of the victim’s GST portal.
Fake Documents Used to Conduct High-Value Transactions
An official said Salman fabricated documents to conduct business transactions worth ₹25 crore in the name of the complainant's company. The accused allegedly evaded GST payments amounting to ₹4.5 crore, causing significant financial and legal repercussions for the original owner.Case Registered Under Bharatiya Nyaya Sanhita and IT Act
Following the complaint, police registered a case under sections 318(4) (cheating) and 336 (forgery) of the Bharatiya Nyaya Sanhita, along with relevant provisions of the Information Technology Act.Investigations are currently underway, though no arrests have been made so far.
