An Ahmedabad resident accused of GST fraud to the tune of Rs 50 crore was denied bail by the sessions court on Tuesday.
Mitesh Shah, who lives in Sabarmati, is accused of generating input tax credit by floating fake firms and was arrested on November 24.
Shah applied for bail on November 27 stating that he has been named as accused on the basis of the statement of the co-accused Prince Khatri and there is no documentary evidence against him.
Opposing Shah’s bail plea, the district government pleader Anil Desai argued that Shah had collected identity and bank documents from the people, through false promises of giving financial assistance.
“He used those documents to float 115 companies across the country and of those, GST returns of 14 Gujarat companies were fraudulently obtained,” Desai said. Shah has been in judicial custody since his arrest last month.
Source: timesofindia.com
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