Arunachal Pradesh Police Arrest Two Bihar CAs For Alleged Rs. 100 Crore GST Scam

ITANAGAR: In a major breakthrough, Arunachal Pradesh Police, in collaboration with Darbhanga Police, arrested two chartered accountants, Vipin Kumar Jha and Ashutosh Kumar Jha, from Vansara village in the Rayam police station area of Darbhanga district, Bihar. The duo is accused of orchestrating a Rs. 100 crore GST fraud.

An FIR was lodged at Itanagar police station in Papumpara district against the brothers for embezzling crores through fraudulent GST return filings. Both accused, absconding for a long time, had closed their accounts and offices to evade arrest. They were tracked through technical surveillance and arrested after the Darbhanga court granted transit remand.

Police investigations revealed that the accused manipulated GST returns for their clients, including a business entity, Siddhi Vinayak Trade Merchant Company, owned by Rahul Jain, which reportedly conducted Rs. 650 crore in business transactions. Of this, Rs. 99.31 crore was fraudulently withdrawn.

Two cousins of the accused, Sonu Kumar Jha and Bittu Kumar Jha, managed to evade arrest, and efforts are ongoing to locate them. Preliminary findings suggest fake documents and false information were used to execute the scam. Police believe more clients and associates could be involved.

The Arunachal Pradesh Police commended the cooperation of the Rayam police station for assisting in the two-day operation that led to the arrests. Further investigation is underway to trace Rahul Jain and uncover the full extent of the fraud.

ALSO READ:

ALSO WATCH: