The Economic Offences Wing of Delhi Police has cracked two separate cases of GST fraud and busted a network of shell companies allegedly used to layer funds through multiple accounts, according to information released on Friday.
Shell Company Network Under Scanner
Police said the accused used victims’ credentials to carry out a multi crore financial crime. The operation, according to the material available, involved shell entities and the routing of funds through several bank accounts.
The case marks a fresh action by the Economic Offences Wing against suspected GST related financial fraud in the capital.
FCRF Academy Launches Premier Anti-Money Laundering Certification Program
Two GST Fraud Cases Cracked
The information available states that the Economic Offences Wing has cracked two separate GST fraud cases. However, no detailed breakdown of the two cases, the sums involved, or the number of accused has been provided.
It also remains unclear at this stage how the shell company network was structured or how the victims’ credentials were allegedly obtained and misused.
Further Details Awaited
Police have said further details are awaited. On the basis of the information currently available, the case appears to involve the use of shell companies and layered transactions as part of an alleged GST fraud mechanism.
With only limited details disclosed so far, the full scale of the fraud, the identities of those involved, and the precise modus operandi are yet to emerge.
About the author – Rehan Khan is a law student and legal journalist with a keen interest in cybercrime, digital fraud, and emerging technology laws. He writes on the intersection of law, cybersecurity, and online safety, focusing on developments that impact individuals and institutions in India.
