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TIL CreativesRepresentative image. RelatedPhonePe rolls out feature that safeguards users from making fraudulent transactions The Thane cyber police have registered a case against a Mumbai resident and his associates for allegedly committing a Rs 75.48 crore GST fraud by misusing the credentials of a laptop sales service professional, officials said on Monday.The alleged fraud was committed between November 2024 and April this year, an official said.The 33-year-old laptop sales professional, in his police complaint filed on October 31, alleged that the accused gained his and his friend's trust and misused their user IDs and passwords for online GST filing. They then submitted fake bills in the name of several shell (fake) companies against the GST numbers of the victims. This fraudulent activity created a false transaction volume of Rs 75,48,42,087, thereby defrauding the complainant, his friend and the government exchequer, the official said.Based on the complaint, the police registered a case against the accused, a resident of Andheri in Mumbai, and his unidentified associates on charges of cheating, forgery and other offences, he said.Live Events"This appears to be a sophisticated cyber and financial crime involving the misuse of confidential online credentials to file fraudulent GST claims. We are tracing the digital footprint and the financial trail of the shell companies," a cyber police official said. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onGST fraudcyber policeMumbai fraud casefinancial crimeonline GST filingshell companiescybercrime investigationfake companies (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onGST fraudcyber policeMumbai fraud casefinancial crimeonline GST filingshell companiescybercrime investigationfake companies(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
