Two businessmen Grandhi Eswar Rao and Grandhi Bhaskar Rao were served notices by GST intelligence in connection with 200 crore fraud of fake invoices by Hero Wiretex Company. Directorate General of GST Intelligence Hyderabad arrested Raveendra Sangepu Chief Financial Officer of Hero Wiretex Company on 1st February. Earlier in January, the managing director of Hero Wiretex Limited Seemakurti Raghunadha Gupta was arrested by Vizag DGGI sleuths. Both Grandhi Bhaskar Rao, 59, who is the director of Adarsh Global Trades and Services Pvt Ltd, and G Eswar Rao petitioned the Telangana High court seeking anticipatory bail in the GST case.
