ITC fraud: Cybercrime cell exposes ₹215 crore racket, one held from Lucknow

The UP police cybercrime team claimed to have unravelled a ₹215 crore ITC (Input Tax Credit) fraud, with the arrest of one Sanjay Singh Yadav, 30, from Lucknow, on Thursday

The fraud was committed by generating fake invoices and E-way bills in the name of bogus companies formed by him for this specific purpose.

Police officials said that the accused is associated with the same nexus in which the Goods and Services Tax (GST) department has exposed the ₹1700 crore ITC fraud in the name of 650 bogus firms of Meerut in January, 2021.