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Police successful Uttar Pradesh's Bareilly territory person uncovered a suspected hawala and GST fraud web involving amerciable fiscal transactions worthy astir ₹24 crore, with the apprehension of 2 men who allegedly utilized fake firms and alleged "mule accounts" to determination money, officials said connected Tuesday (January 6, 2026).
The racket surfaced aft a tiny zari (embroidery) artisan received an income taxation announcement of astir ₹1.5 crore for transactions helium was unaware of, Bareilly Superintendent of Police (South) Anshika Verma said connected Monday (January 5, 2026).
According to police, “The accused targeted tiny traders and regular wage workers, offering to assistance them grow their businesses oregon participate export markets.”
“They allegedly obtained individuality documents specified arsenic Aadhaar and PAN cards, opened slope accounts successful their names and floated ammunition companies, which were past utilized for large-scale unauthorised transactions,” the constabulary said.
Ms. Verma said, “Investigations revealed that a fake steadfast — Satya Sahab Traders — was created successful the sanction of the artisan, and slope accounts were opened successful backstage and nationalist assemblage banks.” She added, "About ₹24 crore successful suspicious transactions were routed done this steadfast wrong a year."
Police besides recovered that respective different firms, including Mahavir Trading Company, Mahakal Traders and Sumit Traders, existed lone connected insubstantial and were utilized to make fake bills and invoices to evade GST.
"At archetypal glance, it appears to beryllium a GST fraud, but the question of funds suggests the imaginable engagement of a hawala network," the SP said, adding that a antheral from neighbouring Shahjahanpur territory is besides nether investigation.
“The 2 accused, identified arsenic Shahid Ahmed (38) and Amit Gupta (38), were arrested from the Bhuta country of Bareilly. Several mobile phones and currency were recovered from their possession,” the constabulary said.
“A lawsuit has been registered nether applicable Sections of the Bharatiya Nyaya Sanhita and different laws, and further probe is underway to place further beneficiaries and links successful the network,” the constabulary added.
