Bihar Police, in collaboration with Arunachal Pradesh Police, recently arrested two chartered accountants—Vipin Kumar Jha and Ashutosh Kumar Jha—in connection with a ₹100 crore Goods and Services Tax (GST) fraud case.
The two accused are believed to have played a pivotal role in facilitating fraudulent GST return filings for several clients. The fraud is suspected to have involved false invoices and tax evasion, leading to the loss of significant revenue for the state and the country.
This case sheds light on the ongoing battle against financial crimes in India, particularly those involving professionals who exploit their positions of trust. The arrest follows a months-long investigation, with officials combing through hundreds of fake invoices and tax filings. As the investigation continues, authorities are working to identify the full extent of the fraud and the businesses involved.
The police have also warned other professionals in the sector to remain cautious and abide by ethical standards to avoid legal consequences.