₹2.9 crore tax liability.

A Dombivli resident in Thane has uncovered a fraudulent company registered in his name, leading to a staggering tax liability of ₹2.9 crore. The individual discovered that his personal documents had been misused to establish the fake firm, which operated between 2017 and 2024. Upon realizing the fraud, he filed a complaint with the Vishnunagar police. Since the alleged crime occurred before the implementation of the Bharatiya Nyaya Sanhita in July 2024, the case has been registered under Section 420 (cheating) of the Indian Penal Code. Authorities have initiated an investigation to identify the perpetrators and are collaborating with relevant departments to obtain the company’s registration and tax details .

This incident highlights a broader issue of identity theft and financial fraud in India. For instance, in Nagpur, police are investigating a massive ₹800 crore scam involving 86 fake companies. The fraudsters used forged documents to create shell firms, facilitating tax evasion and money laundering. Victims’ identities were misused to open bank accounts and conduct illicit transactions .

Similarly, in Hyderabad, over 400 IT employees are under scrutiny for allegedly making bogus political donation claims to obtain tax refunds. Some individuals claimed donations equal to or exceeding their annual income, with the scam involving fraudulent cheques issued to shell or unrecognized political entities .

These cases underscore the importance of safeguarding personal information and being vigilant against identity theft. Authorities are urging individuals to regularly monitor their financial records and report any suspicious activities to prevent such fraudulent schemes.

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