According to an official report , Daya Shankar Kushwaha was arrested for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits. He used a network of 49 shell firms for defrauding the government. “The officers of anti-evasion wing of central tax, Delhi West Commissionerate have bust a major racket of fake invoicing of Rs 1,200 crore involving fraudulent input tax credit (ITC) of Rs 124 crore, using a network of 49 shell companies with the arrest of Daya Shankar Kushwaha,” the statement said. it is reported that the accused was using two different PAN using photographs which were photoshopped and created 14 firms. The remaining 35 firms were created through identity theft by using KYC documents of poor individuals. Till now, over 60 bank accounts have been discovered.
