India, May 17 -- A trail of suspicious bank transfers, dummy firms and allegedly forged GST credentials led the Economic Offences Wing (EOW) of Delhi Police to arrest a Delhi-based chartered accountant and a businessman in connection with a GST/VAT fraud case involving transactions worth nearly '28.4 crore.

The accused, identified as Rajeev Kumar Parasar and chartered accountant Atul Gupta, were arrested on May 12 in connection with an FIR registered by the EOW in 2020 under charges of cheating, forgery, impersonation and criminal conspiracy.

According to police, the case came to light after complainant Yashashwee Sharma alleged that the GST/VAT credentials and documents of his firm, M/s Swastik Enterprises, had been fraudulently used w...