Fake Billing Scam Worth Thousands Of Crores Unearthed: Punjab Minister
NDTV
Harpal Singh Cheema said that it has been revealed that two firms dealing in gold prepared fake bills worth Rs 860 crore while 303 firms dealing in iron business made fake bills worth Rs 4,044 crore.
Punjab Finance Minister Harpal Singh Cheema has said an investigation by the state taxation department's enforcement wing exposed a fake billing scam worth thousands of crores.
He said that it has been revealed that two firms dealing in gold prepared fake bills worth Rs 860 crore while 303 firms dealing in iron business made fake bills worth Rs 4,044 crore. Apart from this, 68 firms registered themselves under other names and engaged in fake billing of Rs 533 crore.
Mr Cheema, who also holds the Excise and Taxation department portfolio, said, "On inspection of a firm dealing in gold in Amritsar, the enforcement wing found that fake bills of gold worth Rs 336 crore were made by the said firm for sale and purchase of gold".
