The fraudster used GST Registration documents to open fictitious companies and issue counterfeit invoices

In a shocking case of fraud, a man named Aftab Memon was arrested in Mumbai for impersonating a chartered accountant and defrauding a businessman of ₹1.3 crore. The victim, Jay Dhani, a contractor with the Brihanmumbai Municipal Corporation (BMC), had trusted Memon to handle the registration and management of his company’s Goods and Services Tax (GST) accounts. Get a Copy of Supreme Court Judgements on GST, Dhani approached Memon for assistance in opening new GST accounts for his company, providing him with necessary Know Your Customer (KYC) documents. Memon, however, used these documents to open fictitious companies and issue counterfeit invoices. Instead of depositing the ₹1.3 crore that Dhani provided for GST payments into the government treasury, Memon allegedly pocketed the entire sum. This fraudulent activity not only caused significant financial loss to Dhani but also resulted in a loss of ₹1.3 crore to the government exchequer. Get a Copy of Supreme Court Judgements on GST,  The deception came to light on April 19 when Dhani received a notice from the state GST department, alerting him to a GST payment default of ₹1.5 crore. Alarmed, Dhani contacted Memon, who had previously been entrusted with handling the GST obligations. It was then that Dhani discovered the extent of Memon’s fraudulent activities.