Guwahati HC Grants Bail in Rs. 199 Cr Fake ITC Fraud Case

Faiz Ahmed Vs State of AP (Guwahati High Court) The Guwahati High Court granted anticipatory bail to an applicant, Faiz Ahmed, accused in a case involving a large-scale Input Tax Credit (ITC) fraud, after determining that his custodial interrogation was no longer necessary and noting that the principal accused had already been released on default bail. The case, Itanagar P.S. Case No. 182/2024, was registered based on an FIR lodged by the CGST & CX Itanagar Commissionerate, alleging that a firm, M/S Siddhi Vinayak Trade Merchants, had fraudulently obtained a GST ID using forged documents, ...