Live
- Know Your MLA: G Prasad Kumar, a journey from a farmer to Assembly Speaker
- Know Your MLA: Prakash Goud, a liquor baron turned undefeated politician
- Telangana Govt to unveil job calendar after State budget session
- Samantha sparks controversy with hydrogen peroxide nebulisation advice
- Certifications in machine learning: Why they matter for career advancement
- ‘Unacceptable’: Jaishankar on Indians in Russian Army
- Rebuilding Amaravati top on agenda: Naidu
- From sarpanch to MLA: Sankar’s path to Assembly
- Porsche case: Boy submits essay
- Service activities catapult Govinda Rao into politics
Gang involved in evading VAT busted
Sleuths of the Central Crime Station (CCS) on Saturday claimed to have arrested an alleged kingpin of an organised crime syndicate that evaded Value Added Tax (VAT) to the tune of Rs 5.56 crore.
Hyderabad: Sleuths of the Central Crime Station (CCS) on Saturday claimed to have arrested an alleged kingpin of an organised crime syndicate that evaded Value Added Tax (VAT) to the tune of Rs 5.56 crore.
The arrested are V V Subba Reddy aka Stengun Reddy, a native of Kadapa district living in Hyderabad. Police said the prime accused ganged up with others and furnished fake identity proofs while registering with the Commercial Taxes Department as trader and secured TIN numbers.
Later, the gang sold out the way bills to various businessmen, who had not registered with the Commercial Tax Department, to transact business in edible oils, pulses and other grains.
The unregistered traders managed to transport the goods with the help of way bills purchased from the gang. The gang, the police said, had made huge money by evading VAT to the tune of Rs 5.58 crore.
The Commercial Taxes Department detected the fraud and lodged a complaint with the police. Consequently, CCS sleuths had on March 23 arrested four accused while the kingpin gave a slip to the police.
However, police could arrest him on Saturday and efforts are under way to nab few more accused, police said.
