In a major financio-legal development, the Economic Offences Court in Jaipur has denied bail to Naveen Yadav, the alleged kingpin of a massive ₹4,000 crore GST evasion scheme.
Yadav was apprehended by the Directorate General of GST Intelligence ( DGGI ), Jaipur Zonal Unit, after an extensive raid and has been in judicial custody since February 19. Authorities accuse him of running a widespread operation involving the covert supply of goods while deliberately avoiding statutory tax liabilities.
Missed a GST Judgment? This book has the crucial updates you need – Click Here
The investigation has also named Manoj Vijay and Rajeev Yadav as co-accused. While Vijay has been taken into custody, Rajeev Yadav is currently absconding. During the hearing, Naveen Yadav’s counsel argued that he had no involvement in the fraudulent activities and was being wrongfully accused.
However, Special Public Prosecutor R.N. Yadav, representing the DGGI, opposed the bail application, pointing to Naveen Yadav’s prior record of tax evasion and repeated fraudulent practices.
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
