Vikas Balotiya, a steel trader accused of a ₹9.52 crore tax fraud, had his bail rejected by the Special Court for Economic Offences and the ACJM (Additional Chief Judicial Magistrate) Court on Thursday. The defense argued that there was no clear allegation of financial misconduct against Balotiya. However, the prosecution, represented by advocate Nitin Kumar Pasari, claimed that Balotiya had created fake companies to commit GST fraud and had been arrested after an investigation by the Directorate General of GST Intelligence revealed irregularities.
Sanjeev Ranjan Bariar, a panel advocate for the GST Council, supported the case against Balotiya, stating that he had formed a fake company and was involved in GST theft amounting to ₹9.52 crore. The arrest was made after an investigation by the Directorate General of GST Intelligence (DGGI) regional unit in Jamshedpur revealed that Balotiya had unlawfully claimed input tax credits (ITC) of this amount under the names of three companies. Following a week-long search and interrogation, Balotiya was finally apprehended three days ago.
The allegations include ₹5.26 crore under the name of M/s Oras Metal Private Limited in Bhilai, ₹3.71 crore under the name of M/s Inojet Project Private Limited, and ₹55 lakh under the name of M/s TAI Udyog in Kolkata. The defense was represented by advocate Prakash Jha in court.
जमशेदपुर के लोहा कारोबारी विक्की भालोटिया ने 9.52 करोड़ रुपये की टैक्स चोरी के आरोप में जेल में बंद होने के बाद जमानत का अनुरोध किया था, लेकिन विशेष कोर्ट ने उनकी जमानत खारिज कर दी है। सरकारी पैनल के अधिवक्ता संजीव रंजन बरियार ने उनपर जीएसटी चोरी के आरोप लगाए थे और उनकी गिरफ्तारी की जानकारी दी थी। इसके अलावा उन्हें अवैध रूप से 9.52 करोड़ रुपये की इनपुट टैक्स क्रेडिट लेने का भी आरोप लगाया गया है।
