Malay RayRourkela: The Directorate General of GST Intelligence (DGGI), Rourkela regional unit, has unearthed a Rs 50 crore fake input tax credit (ITC) racket involving the creation of bogus GST firms and issuance of invoices without actual supply of goods or services. The agency arrested the alleged mastermind, Pinku Parida (26) of Remed in Sambalpur district, in this regard on Thursday.According to a DGGI release issued on Friday, investigations revealed that Parida was a key operator of a syndicate engaged in generating, availing and passing on fraudulent ITC through multiple entities. Searches conducted during the probe led to the seizure of electronic devices and incriminating digital evidence, helping investigators uncover ITC fraud worth around Rs 50 crore.DGGI officials said Parida had fled the state and was staying in Raipur for the past six months while remaining on the agency’s radar. Acting on information that he had returned to Remed, a DGGI team apprehended him on Thursday.He was brought to Rourkela, arrested on July 2 and produced before a court the same evening, which remanded him in judicial custody. Officials described Parida as the mastermind behind the racket.“Further investigation is underway to identify other persons involved, beneficiary firms and the financial trail of the syndicate,” a DGGI release stated.
Accused Pinku Parida
