Tribune News Service
Chandigarh, July 21

With the arrest of two persons, the Directorate General of GST (Goods and Services Tax) Intelligence (DGGI), Chandigarh zone, busted a racket of fake billing involving Rs950-crore invoices.

Acting upon a tip-off that two persons — Parteek Garg and Akshat Bansal — were generating fake invoices on the basis of registrations acquired in the name of daily wagers. A team from the Chandigarh zonal unit conducted searches at different locations in Delhi and Himachal Pradesh yesterday and nabbed both Delhi-based accused today.

According to the information revealed by the accused, they were an integral part of the Hawala transactions. Further investigation in the scam is under progress.

The same team had last month busted another huge racket of fake billing amounting to Rs750 crore in which kingpin Sahil Garg was arrested and put behind the bars.