Panchkula, April 15 -- chandigarh@hindustantimes.com

A local court has dismissed the bail application of a 21-year-old man from Panipat, currently lodged in Central Jail, Ambala, in connection with a multi-crore fake Input Tax Credit (ITC) fraud case.

The case was registered on January 9 by the Directorate General of GST Intelligence (DGGI), Chandigarh Zonal Unit, under Sections 132(1)(b), 132(1)(c), read with Section 132(1)(i) and Section 132(5) of the Central Goods and Services Tax (CGST) Act, 2017, along with Section 20 of the Integrated Goods and Services Tax (IGST) Act, 2017.

According to the prosecution, intelligence inputs revealed a network of firms - including M/s Radha Trading Company, M/s Raj & Sons, M/s Aggarwal Paints & Sa...