DGGI Uncovers ₹3,200 Crore GST Fraud in Bengaluru: Bogus Firms, Fake Invoices, and Stock Market Manipulation

The Directorate General of GST Intelligence (DGGI) uncovered a major GST fraud in Bengaluru involving bogus firms, fake invoices, and stock market manipulation. The fraud involved a network of companies generating fictitious invoices to evade GST payments while manipulating stock prices. The DGGI's investigation has led to the freezing of assets and other legal actions against the perpetrators. The case reveals how organized fraud is carried out in the GST ecosystem and emphasizes the need for stronger monitoring and enforcement to prevent such illegal activities.