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2 startup founders, 2 CAs defraud govt of ₹200 crore in Gurugram using items that never existed
short by Ashley Paul / on Sunday, 26 July, 2026
Gurugram's CGST Commissionerate has arrested two startup founders and two chartered accountants (CAs), all in their mid-30s, for defrauding the government of ₹200 crore. The accused used a network of nearly 30 shell companies to generate fake invoices without any actual goods or payments and claim input tax credit. "All the four accused are highly qualified," an official said.
read more at Hindustan Times