Prathipati Sharath, son of former TDP Minister Prathipati Pulla Rao, who was arrested for claiming false Input Tax Credit (ITC) and tax evasion, created about 12 shell companies which were closed later, said officials of the Directorate General of GST Intelligence (DGGI).
During their investigation, officials found that the accused had allegedly created fake invoices for about ₹49.46 crore, through 12 shell companies and claimed ₹8 crore in ITC.
The DGGI, which noticed the scam, had imposed ₹16 crore fine and served demand notices. The shell companies were closed in 2021, the police said in a release. Sharath was arrested by the NTR Commissionerate Police on February 29, and was sent to judicial remand.
