The GST Chairman and MD of Royal Meridian Impex Pvt Ltd have been taken into the custody because of making fraud refund claims to the tune of Rs 11.05 crores thought the false exports and by making fake companies.
Kumaran with the help of Lokesh Chopra of Indore and Raju Bhai of Surat has involved in availing input tax credit fraudulently and using the same to fake exports to claim integrated goods and services tax refund of Rs 5.57 crore.
He created fake companies to claim same fraudulent IGST refund amounting to Rs 5.48 crore, the statement said. On the action of K.M. Ravichandran, GST Commissioner, a team held the arrest.
The claim person was produced in-front of Judicial Magistrate, Economic Offences-1, Egmore, and remanded in Judicial custody unto July 2, the statement said.